Disappointing sale for low growns at this week’s tea auction

Friday, 27 January 2012 00:28 -     - {{hitsCtrl.values.hits}}

Overall auction quantities showed no change and totalled a 7.2m/kgs. Low Growns witnessed a disappointing sale, whilst, the High and Mid grown small leaf teas met with reasonably good demand.



Ex-Estate offerings too, were similar to last and totalled a 1.2m/kgs. Quality, particularly, of the Westerns were selectively improved. Consequently, these improved teas gained Rs. 10-20 per kg and more following airmail enquiry. Indeed encouraging.

All other BOP/BOPFs were firm and gained a Rs. 5-10 per kg. Overall price structure for CTC’s showed no significant change and could be considered a disappointing feature of this week’s auction. There was good demand from shippers to the CIS together with Japan and UK. Next week a more improved selection of Westerns is on offer with select invoices showing signs of seasonal character.

Low Growns comprised of 3.6m/kgs in the Leafy/Tippy catalogues. In the Leafy catalogue, better made OP/OPAs declined Rs. 5-10 per kg and more. There was good demand however for the teas at the lower end with prices being fully firm to dearer.

OP1/BOP1s too were mostly lower to last. PEKs were easier Rs. 5-10 barring a select range of below best PEK which held firm. In the Tippy catalogue too FBOP/FBOPF1’s were easier. Here again teas at the lower end were firm to dearer. High priced Tippy invoices too were easier. A select range of well made neat leaf sorts however maintained last levels. CIS, Turkey, Dubai, Saudi Arabia, Kuwait together with Iraq were active this week. (Source: Forbes and Walker Tea Brokers)

 

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.

COMMENTS

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.