CURRENT MARKET REPORT

 

 

                           The East African Tea Export Auctions

                                                         M O M B A S A

                                                                  (Held under the Rules of the East African Tea Trade Association)

                                                                  AUCTION NO 27 2ND & 3RD JULY, 2018

Offerings this week totaled 157,438 (10,182,799.00Kilos) against 137,592 packages (8,961,409.00kilos) for the same period last year, made up as follows:-

 

O F F E R E D

S O L D*

Year 2018

Packages

Kilos

Packages

Kilos

Kenya

113,438

7,631,776.00

108,340

7,310,495.00

Uganda

24,120

1,344,504.00

20,259

1,110,015.00

Rwanda

7,820

533,980.00

7,260

496,128.00

Burundi

3,740

233,260.00

3,340

209,388.00

Tanzania

7,880

419,567.00

7,160

377,290.00

Dem Rep of Congo

-

-

-

-

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Ethiopia

440

19,712.00

440

19,698.00

TOTAL

157,438

10,182,799.00

146,799

9,523,014.00

Year 2017

 

 

 

 

Kenya

99,278

6,684,853.00

92,758

6,200,469.00

Uganda

20,835

1,191,726.00

19,155

1,091,270.00

Rwanda

7,420

502,448.00

6,440

435,788.00

Burundi

3,540

225,780.00

3,460

221,880.00

Tanzania

5,439

296,502.00

5,200

283,704.00

Dem Rep of Congo

400

24,912.00

-

-

Mozambique

680

35,188.00

720

37,672.00

Madagascar

-

-

-

-

Ethiopia

-

-

-

-

TOTAL

137,592

8,961,409.00

127,733

8,270,783.00

 (Inclusive of outlots from previous sales)

                                                 

Good but rather irregular demand for the 157,438 packages (10,182,799 kilos) available in the market closely following quality and only 9.86% remained unsold.

The best BP1s on offer were irregular varying between USC5 dearer to easier by up to USC18 while brighter categories saw improved absorption at USC12 to USC14 above previous levels with mediums steady to USC18 dearer where sold. Lower medium varieties met improved interest at USC14 to USC20 and substantially more on selected lines while plainer types were discounted by USC2 to USC24 with some teas unsold. Best PF1s available were rather irregular varying between USC12 dearer to easier by USC26 but brighter varieties were however well competed for gaining USC9 to USC16 with mediums appreciating by USC6 to USC12; lower medium types held steady to USC4 above last prices but poorest were neglected. Plainer sorts were a weak feature easing by USC4 to USC6 with plainest difficult of sale. The best PDUSTs in the market saw an irregular enquiry varying between USC12 dearer to easier by up to USC15 with brighter types gaining USC4 to USC6 while medium sorts appreciated by  a similar level; lower medium categories were most irregular ranging between USC20 dearer to easier by up to USC2 while plainer descriptions were firm but plainest were neglected. Best DUST1s in the auction met an irregular activity and varied between USC6 dearer to easier by USC8 while brighter varieties ranged between USC14 dearer to easier by up to USC4 with mediums varying between USC4 above previous rate to easier by USC6. Lower medium categories saw an irregular interest and ranged between USC2 dearer to easier by up to USC17 with some teas unsold while coloury plainer types gained up to USC14 but others eased by up to USC4 when sold.

In the Secondary Catalogues BPs gained while PFs were firm. Clean well sorted coloury Fannings eased with similar DUSTs dearer. Other Fannings appreciated with similar DUSTs gaining. BMFs were dearer.

Pakistan Packers lent strong support with more and useful interest from Afghanistan, Kazakhstan, other CIS nations, Sudan and Bazaar. Yemen and other Middle Eastern countries showed more but selective activity with good but selective enquiries from Russia and Egyptian Packers who operated at lower levels. UK were even more selective with Iran quieter. Somalia were more active at the lower end of the market.  

  

 

CTC QUOTATIONS

BP1 USC

PF1 USC

PD USC

D1 - USC

Best

250 372

302 334

284 337

260 361

Good

244 332

297 328

276 304

276 296

Good Medium

230 322

286 320

276 296

272 294

Medium

196 279

250 294

240 280

240 278

Lower Medium

150 267

185 266

170 250

185 256

Plainer

090 168

104 214

111 225

126 220