Sri Lanka’s offerings at the weekly tea auction held this week has been marginally lower to previous week totaling 6.8 M/Kgs, brokers said this week.
“There was good demand and consequently most teas on offer witnessed a firm to dearer trend.Ex-Estate offerings continued to be maintained around the 1.2 M/Kgs. Here again, there was good demand. Best Western BOP’s declined Rs. 10-20/- per kg whilst the corresponding BOPF’s were mostly firm. In the below best category, BOP’s were irregular following quality whilst at the lower end, BOP’s gained Rs. 5-10/- per kg and more,” Forbes & Walker said in a commentary.
Corresponding BOPF’s which were irregular at the commencement of the sale, gathered momentum as the sale progressed and were firm and marginally dearer by the close. Teas from the Nuwara Eliya/Udapussellawa regions continued to be irregular following quality. Uva seasonal teas were neglected whilst other clean leaf coloury BOP/BOPF’s sold around last week’s levels. High and Medium Grown CTC BP1’s witnessed renewed interest and often gained Rs. 20/- per kg and more.
“Low Growns totalled 3.2 M/kgs in the Leafy/Tippy catalogues. There was good demand. In the Leafy catalogues, OP/OPA’s gained Rs. 10-15/- per kg whilst PEK/PEK1’s too gained Rs. 10-20/- per kg with the bottom end of the market moving up further. Better BOP1/OP1’s were irregular. Others particularly the cleaner types were firm. In the Tippy catalogues, better FBOP’s were irregular. Others and FF1’s were fully firm to dearer. Teas at the lower end too were fully firm to dearer. In the Premium catalogue the Leafy types were irregular whilst others were fully firm to dearer. There was good demand from the shippers to CIS, Turkey, Dubai, Iraq and Saudi Arabia this week,” the report by the broker further noted.