OTHER MARKET CENTRES

COLOMBO

 

6.2 million kilos on offer met good demand. Best Western BOPs selected invoices gained up to Rs20 while others were firm. In the below best category, brighter sorts gained Rs10-20 while others and teas at lower end of the market held firm. Nuwara Eliyas were substantially lower and mostly unsold while Uva/Udapussellawas were barely steady. Best Western BOPFs commenced firm and appreciated by Rs10-20 as the sale progressed. Teas in the below best category which commenced firm and Rs10 dearer appreciated further as the sale progressed; plainer clean leaf sorts followed a similar trend while poor leaf teas continued irregular. Nuwara Eliyas were substantially lower by upto Rs50 while Uva/Udapussellawas were irregular. The Low Growns were generally dearer. Improved demand from China and South Africa while CIS and Japan were reasonably active with selective interest from UK and the Continent. There was good demand from shippers to Dubai, Turkey, Iraq, Saudi Arabia and Kuwait.

                                               

Auction quotations in Rupees per Kg                                      BOP                                         BOPF

 

Better Western High Grown                                                 680.00 730.00                      710.00 770.00                     

Uva / Udapussellawas                                                          620.00 710.00                      600.00 690.00                                     

Good Medium                                                                        750.00 830.00                      690.00 710.00

Low Medium                                                                          640.00 700.00                      570.00 590.00

 

(Exchange Rate: RUPEE APPROX PER UNIT AGAINST US DOLLAR 151.94).

KOLKATA

CTC met fair demand. Assams tended easier following decline in quality and saw some withdrawals; few selected better leaf and earlier teas were around last. Orthodox met strong demand. Whole leaf grades including bolder whole leaf were irregular around last with earlier and reprinted brokens sold readily; remainder, browner, flakier and end season sorts were irregularly lower while Fannings met better demand particularly earlier, leafier sorts. In the Dust sale there was good demand with selected good leaf teas around last while remainder tended easier.

CHITTAGONG

Less demand particularly at the later half with heavy withdrawals. Good liquoring Broken grades met quite fair enquiry at the beginning and were selling at a drop of Tk46 and eased further with some withdrawals. Mediums saw much less demand with prices declining further and also with heavier withdrawals while plainer faulty liquoring teas suffered heavy withdrawals. A fair weight of bright Fannings met good enquiry at the beginning and were Rs3-5 below last levels and eased further as the sale progressed. Good types met fair demand but generally dropped by Tk5-7 with fair weight remaining unsold while plain varieties saw limited demand and were heavily discounted with larger withdrawals. CTC DUST good liquoring varieties were firm to slightly dearer while mediums met less enquiry and eased by Tk2-3 with some withdrawals; plainer types were a little easier with more withdrawals compared to last sale.

 

KOCHI

 

There was good demand. Orthodox select best Nilgiris sold in line with quality at firm to dearer rates while medium whole leaf and smaller primary Brokens were dearer by up to Rs3 and more; larger Brokens were around last while Fannings met with heavy withdrawals. CTC liquoring Brokens were firm to dearer while plainer were around last with poor appearance teas discounted. In the Dust sale best category and popular marks were firm to dearer by upto Rs4 while similar trend noticed on good liquoring medium; select clean leaf mediums were dearer by up to Rs5 and more while plainer sorts were around last and at times dearer.

 

GUWAHATI

 

Fair demand. CTC all categories tended easier following quality with browner and fibrous sorts discounted. In the Dust sale all sorts tended easier.

 

SILIGURI

There was good demand. Good and best sorts sold irregular around last following quality while cleaner/blacker medium varieties were around last levels; browner descriptions saw withdrawals.

MALAWI

Fair demand continued for the 4,000 packages on offer at generally firm rates following quality. BP1 were firm on last while PF1 were firm to 3USC easier where sold. PD/D1 were not available. PF1SC attracted selective interest at 3USC dearer. Secondaries met very strong demand at dearer rates up to 10USC on last and sometimes more.

JAKARTA

12,480 packages on offer met fair demand at irregular levels following quality. Java Orthodox BOP/PF/DUST better lots held fully firm when sold while good mediums were withdrawn; secondary grades were firm to 4cts dearer. Java CTC BP1/FNGS/D2 appreciated by 3-8cts above last levels while PF1/PD strengthened by 8-10cts when sold; DUST maintained previous levels. Sumatra BOP/BOPF gained 3-8cts above last sale while PF/DUST were firm to 2cts dearer. BP/BP/BTII eased by 2-3cts below last rates while balance secondary grades were firm to 3cts dearer.