Home / Agriculture/ Tea auctions this week

Tea auctions this week

Comments / {{hitsCtrl.values.hits}} Views / Friday, 26 January 2018 00:00

By Forbes and Walker 

Tea Brokers

This week’s auction offerings totalled 7.5M/Kgs. A relatively large volume due to the accumulated quantities as a result of the absence of an auction during the Christmas holiday period. 

Low Growns continued to meet with fair demand whilst the High and Mid Grown small leaf teas met with much less interest. 

Ex-Estate offerings totalled a 1.2M/Kgs. The overall quality of teas on offer were reasonably maintained which comprised a few select improved invoices from the Western planting districts. The lack of demand this week was unexpected and unusual for the time of year particularly as we are approaching a lean cropping period. The majority of the Western BOP’s declined by Rs. 10-20 per kg and more for some of the brighter sorts. Corresponding BOPF - few select invoices were firm following special inquiry whilst the majority declined Rs. 20-30 per kg. Plainer sorts declined Rs. 20 per kg and more. Nuwara Eliya - BOPs were irregular whilst corresponding BOPF mostly remained unsold. Udapussellawa BOP/BOPF declined Rs. 10-20 per kg and Rs. 20-30 per kg respectively. Uva BOPs gained Rs. 10-20 per kg whilst corresponding BOPF declined by a similar margin. CTC teas witnessed better activity in comparison as a result the price variances were not so significant.

The main buyer for small leaf teas was noticeably less active. South Africa and Japan were selective whilst shippers to the CIS were fairly active at lower levels. 

Low Growns comprised 3.5M/kgs in the Leafy/Tippy catalogues, a larger volume compared to the preceding sale. There was fair demand. In the Leafy catalogues BOP1/ OP1s sold at fully firm to marginally dearer rates whilst PEK/PEK1s too followed a similar trend. Better OP/OPAs were irregular, others particularly the bottom end teas met with good demand and prices were fully firm to dearer. 

In the Tippy catalogues FBOP/FF1s were irregular and often lower. The cleaner secondaries too were in general easier to last. At the lower end cleaner teas were mostly firm, others were lower. 

In the Premium catalogues select best together with a range of improved sorts were fully firm, whilst others were lower. There was good demand from shippers to CIS, Turkey, Iraq, Saudi Arabia and Dubai at this week’s sale.

Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Hype and haunt hovering over Gotabaya Rajapaksa

Thursday, 24 May 2018

There is a connection between the hype that is being built these days around Gotabaya Rajapaksa, former Defence Secretary and once-powerful brother of the once-powerful President, and the haunt that shadows him wherever he goes. The hype is loud and

Northern nonsense, SLPP slip-up

Thursday, 24 May 2018

The Tamil politicians and civil society movements are about to blow it—yet again. A week after the TNA’s Wigneswaran, Chief Minister of the Northern Provincial Council, presiding over a militant mobilisation at Mullivaikkal, greatly exceeded the

Overlooking systemic crises: Subjecting to neoliberalism and potential hegemon – Part 3

Wednesday, 23 May 2018

Renegotiating a country’s position within the world-economy is only possible when the system and/or leaders are in trouble

Annuity-based PPP can expedite infrastructure developments

Tuesday, 22 May 2018

Sri Lanka has primarily relied on public finance for the development of public goods and infrastructure. While running

Columnists More