MONTHLY REVIEW

 

              A Review Of The Kenya Crop & The Mombasa Market: March, 2018

 

 

O F F E R E D

S O L D*

AVERAGE

2 0 1 8

Packages

Kilos

Packages

Kilos

US$

Kenya

380,874

25,485,432.00

344,953

23,150,483.00

$2.81

Uganda

74,260

4,166,395.00

67,240

3,731,039.00

$1.72

Rwanda

29,920

2,029,651.00

24,660

1,675,758.00

$3.14

Madagascar

-

-

-

-

-

Tanzania

18,259

949,687.00

17,561

909,870.00

$1.73

Ethiopia

1,280

66,356.00

1,280

64,950.00

$2.03

D R of Congo

840

53,264.00

280

16,760.00

$1.73

Mozambique

2,400

93,920.00

2,395

93,848.00

$1.42

Burundi

12,419

791,524.00

10,538

676,343.00

$2.84

TOTAL

520,252

33,636,229.00

468,907

30,319,051.00

$2.65

 

2 0 1 7

Packages

Kilos

Packages

Kilos

US$

Kenya

312,124

20,860,042.00

292,439

19,564,777.00

$2.92

Uganda

62,578

3,611,119.00

58,000

3,335,915.00

$1.75

Rwanda

24,740

1,662,747.00

20,960

1,419,556.50

$2.92

Madagascar

360

19,956.00

360

19,956.00

$1.63

Tanzania

8,120

412,893.00

7,440

371,808.00

$1.50

Malawi

580

33,540.00

400

24,120.00

$1.84

D R of Congo

2,399

131,785.00

2,279

124,649.00

$1.47

Mozambique

1,400

74,408.00

1,100

56,480.00

$1.56

Burundi

12,900

817,627.00

10,520

672,939.00

$2.68

TOTAL

425,201

27,624,117.00

393,498

25,590,200.50

$2.73

 (Incl of outlots from previous sales)

 

 

 

 

 

The crop figure for the month of February, 2018 has not yet been announced by the Tea Directorate.

 

KENYA:  West of the Rift:   - Kericho – reported moderately warm conditions during the day of the first week changing to cloudy and wet afternoons with precipitation of 87.9mm while the following week experienced partly sunny/cold conditions during the day changing to partly cloudy afternoons with 18.6mm rainfall received. Cold and wet conditions were reported in the third week with well-spread showers recorded at 38.1mm but the last week conditions were partly sunny in the mornings followed by mostly cloudy and wet afternoons with 87.2mm rainfall. Bomet – the first and third weeks saw useful rainfall of 77mm and 89mm respectively but waned to only 22mm in the second and last week.  Nyamira and Kisii – 53mm, 30mm, 72mm and 34mm rainfall was received in the four weeks respectively.

Temperatures – averaged maximum of 23°C and minimum of 11°C in the four weeks.

Crop – low but expected to improve.

 

-Nandi – more precipitation of 92mm(weekly total 1281.4mm) was reported in the first week waning to 29mm (weekly total 410.7mm) the following week and increased to 80mm(weekly total 1124.4mm) in the third week with only 39mm(weekly total 549.8mm) recorded in the last week.

Temperatures – averaged highs of 24°C and lows of 11°C during the month.

Crop – low but expected to improve.

-East of the Rift  – Kiambu – useful rainfall of 106mm and 137mm was reported in the first and third weeks respectively but waned to 38mm and 14mm in the second and fourth weeks respectively. Muranga/Nyeri/Kirinyaga – precipitation of 49mm, 29mm, 71mm and 35mm was recorded in the four weeks respectively. Aberdares range of Mountains – 85mm rainfall was recorded in the first week waning to 37mm the following week but increased to 74mm in the third week with only 17mm in the last week. Embu/Meru – Recorded useful rainfall at 63mm in the first week but reduced to 44mm the following week increasing to 104mm in the third week with 60mm received in the last week.

Temperatures – averaged maximum of 24°C and minimum of 14°C in the period.

Crop – low but expected to improve.

EAST USAMBARAS – TANZANIA: useful precipitation of 83.7mm was recorded in the first week with conditions overcast the following week and rainfall much reduced to 40.8mm which increased to 81.75mm in the third week but again waned to 24.7mm in the last week.

Temperatures – averaged highs of 32°C and lows of 17°C in the month.

Crop – low in the first and third weeks but showed improvement in the second and last weeks.

WESTERN UGANDA:  Hoima – 25mm of rainfall was recorded in the first week, increasing progressively to 29mm, 39mm and 44mm in the remaining three weeks respectively. Kibale – useful precipitation of 71mm was recorded in the first week but dropped to 4mm the following week; increasing to 55mm in the third week but waned to 29mm in the final week. Fort Portal – good rainfall of 45mm, 33.5mm, 32.5mm and 56.1mm was recorded in the four weeks respectively. Bushenyi – 32mm of precipitation was recorded in the first week, increasing to 40mm the following week but waned to 23mm in the third week with 51mm received in the last week.

Temperatures:  averaged maximum of 26°C and minimum of 17°C during the month.

Crop:  remained low. 

Four sales were held during the month where a total of 468,907 packages were sold at an average price of US$2.65 comparative figures for the same month last year were 393,498 packages sold at an average price of US$2.73.

 

Demand waned with quality most irregular and largely declined from the drought coupled by the advent of the expected long rains; a few of the flush teas received also naturally do not have quality.

 

There was less and irregular demand for the 138,280 packages (8,892,390 kilos) in the market with prices closely following quality.14.22% remained unsold in the first week of the month. Best BP1s on offer met improved competition appreciating by up to USC29 and more with quality while brighter categories shed USC2 to USC16 with medium varieties about firm to USC25 easier. Lower medium types saw an irregular interest varying between USC5 dearer to easier by a similar rate with plainer sorts ranging between USC15 dearer to easier by up to USC10. The best PF1s available gained USC6 with brighter varieties easing by USC2 to USC10 while mediums shed USC2 to USC17 but a few improved lines were USC3 dearer. Lower medium categories met less competition at firm to USC14 below last prices with plainer descriptions irregular and varied between USC4 to USC6 dearer to easier by up to USC18 and some teas were neglected.  Best PDUSTs in the market shed up to USC26 with brighter categories about steady to USC22 easier while medium varieties met reduced interest and lost USC3 to USC16.  Lower medium sorts shed USC10 to USC12 while plainer categories were irregular varying between firm to USC5 dearer to easier by USC14. The best DUST1s on offer eased by USC9 with brighter sorts easing by USC2 to USC16 while medium types were discounted by USC4 to USC14 but a few invoices gained USC4 with quality; Lower mediums met an irregular activity ranging between USC4 dearer to easier by up to USC14 while plainer descriptions were a weak feature and shed USC10 to USC23 with some teas remaining unsold.

 

In the following sale there was less demand for the 126,273 packages (8,207,498 kilos) available at irregularly easier levels following quality with 11.72% neglected. The best BP1s in the market were a weak feature and shed up to USC56 with brighter descriptions irregular varying between USC10 to USC14 dearer to easier by USC5 to USC16 while medium categories ranged between USC2 to USC5 above last rates to easier by USC7 to USC20. Lower mediums were irregular and varied between firm to USC11 dearer to easier by USC4 to USC12 while clean plainer descriptions were steady with others discounted by up to USC20. Best PF1s on offer were a weak feature easing by up to USC50 while brighter varieties were discounted by USC10 to USC22 with medium types barely firm to USC28 below last week’s levels; lower mediums saw price declines of between USC4 to USC35 with some lines neglected. Plainer sorts lost USC5 to USC14 with some teas remaining unsold.  The best PDUSTs available met good competition gaining up to USC12 while brighter categories shed USC3 to USC20 with medium types barely firm to USC26 below last prices; lower mediums met less interest and shed up to USC22 with plainer varieties declining by up to USC20. Best DUST1s on offer eased by USC16 while brighter categories were steady  to USC28 below last rates with medium varieties about firm to USC20 easier; lower medium sorts eased by USC20 to USC24 with plainer descriptions discounted by up to USC10 but a few improved invoices held firm to USC2 dearer following quality.

 

Fairly good demand for the 122,280 packages (7,850,062 kilos) in the market at irregular rates.14.10% remained unsold in the third sale of the month. Best BP1s on offer lost up to USC32 while brighter categories saw an irregular interest varying between firm to USC20 dearer to easier by up to USC38 with medium types irregular ranging between firm to USC4 dearer to easier by USC2 to USC34; lower medium descriptions saw improved competition gaining USC2 to USC24 but some poorer lines were discounted by up to USC10 while plainer varieties were better absorbed at firm to USC10 dearer but poorest were discounted. The best PF1s in the market shed USC16 with brighter types firm to USC10 easier while medium categories were irregular ranging between steady to USC3 dearer to easier by up to USC20. Lower mediums met an irregular enquiry and varied between USC10 above last prices to easier by USC6 to USC20 with plainer descriptions varying between firm to USC5 dearer to easier by up to USC10 and some invoices did not receive any bids. Best PDUSTs on offer held value with brighter varieties irregular and ranged between steady to USC3 dearer to easier by USC7 to USC20 while medium types were discounted by USC3 to USC20. Lower medium sorts eased by USC4 to USC8 while plainer categories met and irregular activity varying between USC4 above previous levels to easier by USC7 to USC14 with some teas remaining unsold. The best DUST1s available shed USC10 while brighter varieties held firm to USC28 easier with mediums discounted by USC3 to USC20; lower mediums met an irregular interest varying between firm to USC10 dearer to easier by up to USC24. Plainer descriptions lost USC4 to USC27 and some lines were neglected but a few improved invoices gained up to USC16.

Fair demand for the 133,419 packages (8,686,279 kilos) on offer at easier rates with prices following quality and 11.71% were unsold in the last auction of the month. The best BP1s available shed USC5 with brighter varieties easing by USC6 to USC28 while medium categories were irregular ranging between USC15 dearer to easier by USC4 to USC17. Lower mediums held firm to USC10 below last prices and some lines were neglected with plainer types varying between firm to USC6 dearer to easier by up toUSC14. Best PF1s on offer appreciated by USC30 while brighter descriptions met an irregular enquiry and varied between firm to USC10 dearer to easier by up to USC5 with medium sorts irregular varying between firm to USC8 above last levels to easier by a similar rate; lower medium categories met improved enquiry holding firm to USC18 dearer while plainer types were a weak feature with poorest discounted by USC5 to USC8 but a few improved invoices were steady. The best PDUSTs in the market advanced by up to USC20 while brighter categories eased by USC4 to USC15 with mediums USC6 to USC14 below previous rates; lower medium descriptions held firm to USC10 easier with plainer sorts varying between USC4 dearer to easier by a similar level and poorest were heavily discounted where sold. Best DUST1s in the market were well competed for at irregular levels and a few invoices gained substantially with quality while brighter types were steady to USC10 easier with medium varieties easing by USC2 to USC14. Lower medium types lost USC6 to USC22 with plainer categories easier by USC3 to USC10 but poorest were heavily discounted by up to USC30 where sold.

In the Secondary Catalogues BPs eased with firm tendencies in the last two sales while PFs held value. Clean well sorted coloury Fannings were dearer with similar DUSTs firm. Other Fannings were easier but gained in the last sale while DUSTs were discounted but held value in the closing week. BMFs are well absorbed appreciating in Sale 13.

Pakistan Packers lent strong and more support and were dominant while Yemen and other Middle Eastern countries showed more and useful interest. Egyptian Packers lent good support but reduced activity in the opening sale and thereafter operated at lower levels. Kazakhstan and other CIS nations maintained interest but at lower levels in the first weeks, becoming more selective and reduced participation in the third week while Russia maintained enquiry and were active but more selective in Sale 11, easing activity the following week. Afghanistan reduced buying in Sales 10 and 12 but were active and more selective in the second week with more enquiries in the last auction. Sudan lent more support but interest waned in the opening week and were active but more selective in Sale 11 with UK quieter and more selective in the first week but were active although remained selective in the next week and showed more interest in the closing sale. There was reduced interest from Bazaar but were active and more selective in the second week while Iran remained subdued but were active in the closing week. Somalia were more active at the lower end of the market remaining less active in the second week.

 

C T C QUOTATIONS – Opening (italics) & Closing Sales

CATEGORY

BP1 – USC

PF1 – USC

PDUST – USC

DUST1 – USC

Best

295 – 488

278 – 400

346 – 422

330 – 386

348 – 420

325 – 462

335 – 416

316 – 510

Good

280 – 352

280 – 350

340 – 362

332 – 352

348 – 381

320 – 342

330 – 378

320 – 333

Good Medium

285 – 360

275 – 324

335 – 354

310 – 342

347 – 364

326 – 334

330 – 360

310 – 330

Medium

265 – 306

260 – 292

292 – 332

280 – 313

296 – 346

268 – 306

300 – 346

267 – 318

Lower Medium

160 – 235

158 – 244

159 – 298

164 – 278

215 – 298

180 – 269

220 – 310

188 – 272

Plainer

145 – 200

150 – 176

150 – 254

144 – 232

150 – 262

146 – 240

152 – 254

147 – 216