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 03 - 15TH & 16TH JANUARY, 2018

Offerings this week totaled 179,439 packages (11,385,435.00kilos) against 145,014 packages (9,387,781.50kilos) 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

130,660

8,554,228.00

122,880

8,078,620.00

Uganda

30,699

1,733,370.00

27,659

1,544,286.00

Rwanda

7,360

498,556.00

6,700

454,464.00

Burundi

2,540

161,278.00

2,620

166,066.00

Tanzania

7,040

381,123.00

4,700

239,395.00

Dem Rep of Congo

-

-

-

-

Mozambique

280

15,156.00

280

15,156.00

Malawi

-

-

-

-

Ethiopia

860

41,724.00

860

41,724.00

TOTAL

179,439

11,385,435.00

165,699

10,539,711.00

Year 2017

 

 

 

 

Kenya

109,160

7,249,038.00

106,660

7,100,276.00

Uganda

23,575

1,336,948.00

23,216

1,317,016.00

Rwanda

7,879

532,319.50

6,819

460,117.50

Burundi

3,240

202,408.00

2,360

149,340.00

Tanzania

920

52,896.00

920

52,896.00

Dem Rep of Congo

240

14,172.00

240

14,172.00

Mozambique

-

-

-

-

Ethiopia

-

-

-

-

TOTAL

145,014

9,387,781.50

140,215

9,093,817.50

 (Inclusive of outlots from previous sales)

 

Good and improved general demand for the 179,439 packages (11,385,435kilos) on offer closely following quality. 9.96% were neglected.

The best BP1s available appreciated by up to USC18 with brighter categories irregular and ranged between firm to USC8 dearer to easier by up to USC20 while medium sorts were irregular varying between firm to USC22 dearer to easier by a similar margin. Lower mediums saw an irregular interest ranging between USC6 to USC24 below last prices but improved lines were well competed for gaining USC6 to USC20 with plainer descriptions mostly easier by USC8 to USC12 and some teas were unsold but a few select improved lines gained up to USC20.Best PF1s in the market saw more competition appreciating by USC8 to USC28 while brighter varieties gained USC8 to USC14 with medium categories advancing by USC2 to USC14; lower mediums were irregular varying between firm to USC24 dearer to easier by up to USC15. Plainer types were a weak feature and met less enquiries and shed up to USC20 but a few improved invoices gained up to USC14.The best PDUSTs on offer gained USC22 while brighter varieties were firm to USC12 dearer with medium sorts irregular ranging between firm to USC20 above previous levels to easier by up to USC16; lower mediums varied between firm to USC10 dearer to easier by a similar rate with some teas remaining unsold. Plainer categories ranged between firm to USC4 dearer while improved lines gained further with quality but others were difficult of sale and discounted by USC5 to USC11 where sold. Best DUST1s on offer eased marginally while brighter varieties saw an irregular enquiry varying between USC7 dearer to mostly easier by up to USC6 with medium categories firm to USC18 dearer. Lower mediums varied between firm to USC10 dearer to easier by up to USC30 while plainer sorts advanced by USC2 to USC16 but plainest were difficult of sale.

In the secondary catalogues BPs appreciated while PFs were dearer. Clean well sorted coloury Fannings gained while similar DUSTs advanced. Other Fannings were steady while similar DUSTs held value. BMFs were well absorbed. Afghanistan was strong and dominant with more enquiries from Yemen, other Middle Eastern countries, Bazaar and Sudan. Egyptian Packers lent useful support.

 

Pakistan Packers, Kazakhstan, other CIS nations, Russia and UK maintained activity while Iran were less active. Somalia were active at the lower end of the market.

 

 

 

CTC QUOTATIONS

BP1 USC

PF1 USC

PD USC

D1 - USC

Best

315 436

322 386

345 393

345 420

Good

300 352

312 356

340 362

335 368

Good Medium

300 362

305 362

340 360

329 370

Medium

255 340

265 310

310 352

287 344

Lower Medium

168 282

167 278

200 312

200 314

Plainer

150 192

150 248

150 270

156 271