MONTHLY REVIEW

 

A Review Of The Kenya Crop & The Mombasa Market: December, 2017

 

 

O F F E R E D

S O L D*

AVERAGE

2 0 1 7

Packages

Kilos

Packages

Kilos

US$

Kenya

391,700

26,082,426.00

379,181

25,293,198.00

$2.79

Uganda

78,435

4,470,027.00

68,235

3,992,971.00

$1.83

Rwanda

23,120

1,572,187.00

19,040

1,302,727.00

$3.10

Tanzania

15,140

862,691.00

14,540

824,521.00

$1.96

Ethiopia

1,300

64,246.00

1,180

57,031.00

$1.81

D R of Congo

40

2,872.00

40

2,872.00

$1.80

Mozambique

1,500

87,693.00

1,340

79,509.00

$1.52

Burundi

7,720

496,613.00

6,580

428,151.00

$2.94

TOTAL

518,955

33,638,755.00

490,136

31,980,980.00

$2.66

 

2 0 1 6

Packages

Kilos

Packages

Kilos

US$

Kenya

317,465

21,122,955.00

288,935

19,325,567.50

$2.67

Uganda

63,179

3,622,470.00

55,272

3,144,700.00

$1.41

Rwanda

20,000

1,345,118.00

16,560

1,117,672.00

$2.93

Tanzania

3,840

191,059.00

3,360

161,416.50

$1.38

D R of Congo

280

16,624.00

200

11,572.00

$1.55

Mozambique

-

-

-

-

-

Burundi

5,938

377,756.00

4,300

280,224.00

$2.93

TOTAL

410,702

26,675,982.00

368,627

24,041,152.00

$2.51

 (Incl of outlots from previous sales)

 

 

The crop figure for the month of November, 2017 has been announced at 45,373,518 kgs showing an increase of 5,470,324kgs (13.71%) over the same month in 2016. The cumulative figure now stands at 392,351,106 kgs 35,556,807 kgs (8.31%) below the similar period last year.

 

KENYA:

West of the Rift:   - Kericho reported warm sunny conditions during the day with some cloudy afternoons; in the first week rainfall was received on only 2 days with minimal precipitation recorded the following week and reported on only one day in the last week. Bomet only a few scattered showers reported in the first two weeks but 26mm rainfall was recorded in the last week. Nyamira and Kisii precipitation of 26mm was received in the first week but waned thereafter to 18mm and 11mm in the remaining weeks respectively.

Temperatures averaged maximum of 23C and minimum of 10C for the month.

Crop higher.

 

-Nandi 26mm(weekly total of 368.2mm) rainfall was reported in the first week, waning to 16mm(weekly total 222.2mm) the following week but experienced only a few scattered showers in the final week.

Temperatures averaged highs of 27C and lows of 9C during the period.

Crop  high.

-East of the Rift   Kiambu first week saw 14mm rainfall with the remaining weeks recording 11mm respectively.  Muranga/Nyeri/Kirinyaga 12mm, 19mm and 9mm rainfall was reported in the three weeks respectively. Aberdares range of Mountains 9.4mm precipitation was reported in the first week but waned to 6mm and 4mm in the next two weeks respectively. Embu/Meru in the first week 16mm rainfall was received and increased to 28mm the following week but reduced to 13mm in the last week.

Temperatures averaged maximum of 25C and minimum of 15C in the month.

Crop high.

EAST USAMBARAS TANZANIA:  experienced two weeks of clear weather with only a few scattered showers in the first week while 56mm precipitation received the following week; however, conditions were drier and overcast in the third week.

Temperatures  averaged maximum of 31C and minimum of 17C during the month.

Crop maintained but dropping in the last week.

WESTERN UGANDA:  Hoima precipitation of only 5mm was recorded in the first week and increased to 25mm the following week with weather conditions drier in the final week. Kibale 37mm and 28mm rainfall was received in the first two weeks respectively but conditions turned drier in the last week. Fort Portal only 5.4mm rainfall recorded in the first week with 11mm the following week but conditions were drier in the last week. Bushenyi precipitation of 48mm and 63mm was recorded in the first two weeks respectively but waned to 7mm in the last week.

Temperatures:  averaged highs of 29C and lows of 17C in the month.

Crop:  maintained but declined in the last week.

Three sales were held during the month where a total of 490,136 packages were sold at an average price of US$2.66 comparative figures for the same month last year were 368,627 packages sold at an average price of US$2.51.

 

Despite the larger weight on offer and the sudden dip in prices in Sale 49, demand and absorption was good and fairly strong with improved prices especially in the last auction of the year.

There was good general demand for the 167,935 packages (10,902,291 kilos) in the market at generally easier rates. 9.63% were neglected in the first sale of the month. Best BP1s on offer met improved interest gaining USC20 with brighter types irregular varying between USC8 dearer to easier by USC2 to USC14 while medium sorts ranged between USC4 to USC17 dearer to easier by up to USC24 and some lines were unsold; lower mediums were irregular and varied between USC6 above last levels to easier by USC2 with a few invoices neglected. Plainer descriptions were well absorbed but eased by up to USC15. The best PF1s available shed up to USC30 while brighter categories were steady to USC8 easier. Medium varieties met an irregular enquiry ranging between USC5 dearer to easier by USC6 to USC20 and some teas were unsold while lower mediums saw prices varying between USC6 dearer to easier by up to USC24; plainer types eased by USC4 to USC12 with some teas neglected. Best PDUSTs in the market were a weak feature and declined by up to USC48 with brighter sorts depreciating by USC8 to USC28 while mediums saw an irregular interest varying between USC6 dearer to easier by USC4 to USC15. Lower mediums were well absorbed at firm to USC4 easier with plainer sorts varying between USC8 dearer to easier by a similar rate. The best DUST1s on offer shed USC6 with brighter varieties easing by USC6 to USC15 while improved mediums were firm to USC4 dearer but others lost between USC10 and USC22; lower medium sorts varied between USC6 dearer to easier by up to USC2 with plainer descriptions well absorbed at firm to USC6 above last levels but poorest were neglected.

Good general demand for the larger volume of 172,760 packages (11,213,580 kilos) on offer at easier rates and prices dropped further as the sale progressed with 9.20% remaining unsold in the following sale. The best BP1s in the market shed up to USC32 while improved brighter sorts gained up to USC4 but others eased by USC16 to USC30 with medium types irregular varying between firm to USC6 dearer to easier by USC6 to USC22 where sold; lower mediums met better interest at firm to USC22 below last levels while plainer descriptions ranged between USC14 dearer to easier by up to USC26. Best PF1s on offer were barely firm with brighter varieties holding firm to USC12 easier and some invoices were unsold while mediums saw improved absorption at firm to USC8 dearer; lower medium sorts were discounted by up to USC12 although a few improved lines gained up to USC2 following quality. Improved plainer categories saw better absorption at USC2 to USC4 above previous prices but others depreciated by up to USC20 following quality.  The best PDUSTs available appreciated by USC12 while brighter descriptions gained USC2 to USC7 with medium varieties steady to USC9 above previous rates; lower medium types met good enquiry easing USC14 to USC38 while plainer sorts were irregular and ranged between USC8 dearer to easier up to USC46. Best DUST1s shed up to USC7 while brighter varieties lost up to USC10 with medium types barely firm to USC8 below last rates; lower medium sorts were a weak feature and eased by USC8 to USC54 while plainer categories opened firm to USC12 dearer but eased by up to USC38 and more as the sale progressed.

There was good and improved general demand for the large volume of 178,260 packages (11,522,884kilos) available in the market with much fewer teas remaining unsold (5.16%) in the final sale of the year. Best BP1s on offer shed up to USC28 with brighter varieties easing by USC2 to USC3 but a few improved lines gained with quality; medium types opened firm and closed by up to USC17 above last levels with lower mediums irregular varying between USC3 to USC6 dearer to easier by up to USC8. Plainer descriptions were well absorbed at firm to USC10 below previous prices. The best PF1s available appreciated by up to USC10 while brighter categories were USC8 to USC18 dearer with mediums well absorbed at USC12 to USC20 above last levels; lower mediums gained USC2 to USC14. Plainer descriptions were USC4 to USC16 dearer. Best PDUSTs in the market shed USC9 with brighter types irregular ranging between USC6 to USC17 dearer to easier by USC3 to USC8 while medium varieties opened at USC5 dearer and  gained up to USC25 by the close; lower mediums were USC6 to USC16 above previous weeks prices but a few invoices remained unsold. Plainer sorts were irregular and varied between USC2 to USC4 dearer to easier by up to USC8 with poorest neglected. The best DUST1s on offer appreciated by USC5 with brighter categories irregular varying between USC7 to USC15 easier to dearer by up to USC6 following quality while medium types were a strong feature at firm to USC40 above last levels; lower mediums were USC2 to USC12 dearer with plainer descriptions firm to USC5 above last prices where sold.

In the Secondary Catalogues BPs lost value but gained in the final week while PFs were discounted, appreciating only in the final sale. Clean well sorted coloury Fannings were dearer but eased in the first sale while similar DUSTs were easier. Other Fannings were steady with DUSTs depreciating. BMFs were readily absorbed at generally dearer rates.

Pakistan Packers and Egyptian Packers lent strong enquiries and were dominant and stronger in the final sale. Afghanistan showed increased activity in the first and last weeks with reduced and  selective interest in the second sale. Yemen and other Middle Eastern countries lent more interest while Bazaar, Kazakhstan and other CIS nations were less active in the opening week, maintaining activity the following week and were more visible in the final week. UK were less active and selective while Russia lent useful interest throughout the month. Sudan maintained support in the opening week and interest improved thereafter. Iran were operating in the first week but were quieter the following week, maintaining interest in the last week. Somalia were more active at the lower end of the market.

 

 

C T C QUOTATIONS Opening (italics) & Closing Sales

CATEGORY

BP1 USC

PF1 USC

PDUST USC

DUST1 USC

Best

308 482

290 430

314 381

320 386

335 377

342 380

355 422

338 420

Good

300 350

275 356

300 346

308 352

330 348

334 372

350 385

325 376

Good Medium

270 338

275 360

290 328

311 352

328 356

330 368

307 372

330 364

Medium

240 322

230 317

240 295

260 314

261 318

275 342

260 328

262 330

Lower Medium

166 242

168 226

182 238

172 262

210 299

178 302

244 300

210 304

Plainer

148 230

150 200

148 220

155 240

152 290

162 268

150 290

164 261