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 38   17TH & 18TH SEPTEMBER 2018

Offerings this week totaled 143,642 packages (9,210,797.00kilos) against 136,059 packages (8,882,156.00kilos) 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

105,588

7,038,364.00

99,388

6,644,490.00

Uganda

26,735

1,494,723.00

19,635

1,081,237.00

Rwanda

5,280

355,656.00

5,180

351,552.00

Burundi

3,060

183,074.00

2,360

145,044.00

Tanzania

2,299

110,574.00

2,100

100,714.00

Dem Rep of Congo

-

-

-

-

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Ethiopia

680

28,406.00

680

28,406.00

TOTAL

143,642

9,210,797.00

129,343

8,351,443.00

Year 2017

 

 

 

 

Kenya

107,760

7,214,656.00

100,380

6,735,717.00

Uganda

18,959

1,076,816.00

16,940

959,126.00

Rwanda

4,840

325,076.00

4,420

297,702.00

Burundi

2,820

173,848.00

2,440

151,364.00

Tanzania

1,680

91,760.00

1,640

88,880.00

Dem Rep of Congo

-

-

-

-

Mozambique

-

-

-

-

Ethiopia

-

-

-

-

TOTAL

136,059

8,882,156.00

125,820

8,232,789.00

 (Inclusive of outlots from previous sales)

 

Good general demand for the 143,642 packages (9,210,797 kilos) on offer at irregular rates and 13.41% were neglected.

Best BP1s in the market were well competed and gained USC6 to USC16 with brighter varieties firm to USC33 easier while mediums were firm to USC42 dearer; lower medium sorts held firm to USC14 easier but  a few improved lines were steady with plainer descriptions discounted by USC2 to USC8 where sold. The best PF1s available met an irregular interest varying between firm to USC10 dearer to easier by up to USC4 while brighter types ranged between steady to USC8 easier but a few invoices gained up to USC6 with medium varieties irregular and varied between USC10 dearer to easier by USC2 to USC17. Lower mediums met an irregular enquiry ranging between firm to USC7 dearer to easier by up to USC14 while plainer categories were a weak feature and were discounted by up to USC21 with some lines remaining unsold but improved invoices appreciated by up to USC6. Best PDUSTs on offer were a weak feature and shed USC5 to USC20 with brighter categories easing by USC16 to USC20 while medium categories shed USC12 to USC19 but a few improved lines gained up to USC4. Lower medium varieties were well competed for and advanced by USC4 to USC10 but some teas lost up to USC5. Plainer varieties were irregular varying between firm to USC10 dearer to easier by up to USC7 with plainest neglected. The best DUST1s available were irregular and ranged between USC2 to USC10 dearer to easier by up to USC4 with brighter varieties firm to USC10 dearer while medium types were irregular varying between firm to USC10 above last levels to easier by USC7 to USC18. Lower medium categories saw improved interest ranging between USC6 to USC10 dearer to easier by up to USC28 with improved enquiry for plainer descriptions at steady to USC16 above last prices but poorest were discounted where sold.

 

In the Secondary Catalogues BPs lost value while well sorted coloury PFs appreciated but others were easier. Brightest clean well sorted Fannings gained but other coloury sorts were steady while similar DUSTs gained. Other Fannings held value with similar DUSTs discounted. BMFs were readily absorbed.  

 

Pakistan Packers, Yemen and other Middle Eastern countries lent strong support with more enquiries from Kazakhstan, other CIS nations, Afghanistan and Egyptian Packers. Sudan, UK and Bazaar were more active but selective. Iran were quieter. Somalia were active at the lower end of the market.

 

 

CTC QUOTATIONS

BP1 USC

PF1 USC

PD USC

D1 - USC

Best

343 446

295 341

310 335

308 344

Good

270 372

282 312

310 330

310 330

Good Medium

300 368

270 306

310 320

300 322

Medium

200 250

217 286

232 269

210 275

Lower Medium

126 236

130 238

125 250

170 250

Plainer

100 136

081 194

095 214

110 216