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 46   12TH & 13TH NOVEMBER, 2018

Offerings this week totaled 161,570 packages (10,503,251.00kilos) against 151,239 packages (9,885,740.00kilos) 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

120,732

8,096,329.00

112,591

7,574,386.50

Uganda

26,558

1,497,728.00

23,877

1,343,727.00

Rwanda

7,040

480,973.00

5,840

399,756.00

Burundi

2,720

172,177.00

2,600

164,481.00

Tanzania

4,100

238,628.00

4,239

247,025.00

Dem Rep of Congo

-

-

-

-

Madagascar

-

-

-

-

Malawi

-

-

-

-

Ethiopia

420

17,416.00

280

11,824.00

TOTAL

161,570

10,503,251.00

149,427

9,741,199.50

Year 2017

 

 

 

 

Kenya

113,540

7,680,127.00

107,300

7,278,231.00

Uganda

24,299

1,395,593.00

22,360

1,274,129.00

Rwanda

5,420

365,946.00

4,579

310,238.00

Burundi

2,100

133,605.00

1,980

126,788.00

Tanzania

4,960

271,853.00

4,720

257,106.00

Dem Rep of Congo

-

-

-

-

Ethiopia

920

38,616.00

920

38,616.00

 

151,239

9,885,740.00

141,859

9,285,108.00

 (Inclusive of outlots from previous sales)

 

Improved general demand for the 161,570 packages (10,503,251 kilos) on offer at irregular rates. 13.03% remained unsold.

Best BP1s in the market held firm to USC10 dearer with brighter categories easing by USC6 to USC14 while medium sorts saw an irregular interest varying between USC21 dearer to easier by USC3 to USC14; lower mediums were firm to USC8 above last prices while plainer descriptions were well absorbed at firm to USC19 above previous levels but some invoices remained unsold. The best PF1s on offer shed USC4 to USC12 while brighter sorts were firm to USC10 dearer with mediums irregular and ranged between USC2 to USC3 dearer to easier by USC4 to USC18. Lower medium varieties met good interest varying between firm to USC19 dearer but some invoices eased with quality while plainer types saw improved competition and advanced by USC2 to USC18. Best PDUSTs on offer shed USC2 to USC23 and a few lines were unsold with brighter varieties fully firm to USC10 dearer while mediums were barely steady to USC28 below previous levels and some invoices were neglected; lower mediums were discounted by USC8 to USC10 while plainer descriptions met irregular competition and ranged between USC5 dearer to easier by up to USC10. The best DUST1s available held firm to USC12 easier with brighter categories irregular varying between USC6 dearer to easier by up to USC3 while medium sorts met an irregular enquiry varying between USC3 to USC5 dearer to easier by USC2 to USC10 with some lines neglected.  Lower mediums shed USC5 to USC8 with plainer varieties ranging between firm to USC10 dearer to easier by up to USC4.

In the Secondary Catalogues best BPs were dearer while others were easier with PFs firm. Best clean well sorted coloury Fannings were steady while others lost value with similar DUSTs dearer. Other Fannings were easier while similar DUSTs lost value. BMFs were well absorbed.

 

Pakistan Packers, Yemen and other Middle Eastern countries lent more and strong support with improved interest from Russia, UK and Sudan. There was useful enquiries from Egyptian Packers, Kazakhstan and other CIS nations while Afghanistan and Bazaar maintained activity. Iran were subdued with Somalia active at the lower end of the market.

 

 

CTC QUOTATIONS

BP1 USC

PF1 USC

PD USC

D1 - USC

Best

300 460

276 320

289 300

300 330

Good

290 338

278 298

287 298

286 320

Good Medium

260 341

265 296

285 298

295 320

Medium

200 289

210 270

200 284

203 258

Lower Medium

120 224

142 228

155 218

150 220

Plainer

110 169

106 202

100 202

105 200