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 24 – 22ND & 23RD JUNE, 2009

 

 

AUCTION AVERAGE PRICES

 

 

Offerings this week totaled 115,663 packages (7,419,006.00 kilos) against 117,274 packages (7,593,331.00 kilos) for the same period last year, made up as follows:-

 

O F F E R E D

S O L D*

Year 2009

Packages
Kilos

Packages

Kilos

Kenya

76,740

5,145,377.00

68,500

4,601,317.00

Uganda

20,410

1,207,692.00

18,890

1,116,166.00

Rwanda

8,300

512,640.50

8,280

514,772.00

Burundi

2,300

141,929.50

1,680

104,614.50

Zambia

-

-

-

-

Tanzania

4,840

249,621.50

4,100

209,175.50

Dem Rep of Congo

395

26,005.50

315

20,013.50

Mozambique

1,118

63,316.00

1,039

59,066.00

Madagascar

360

19,944.00

320

17,548.00

Malawi

1,200

52,480.00

1,200

52,480.00

TOTAL

115,663

7,419,006.00

104,324

6,695,152.50

Year 2008

 

 

 

 

Kenya

88,757

5,927,251.00

77,097

5,125,639.50

Uganda

16,403

988,566.00

14,885

894,180.50

Rwanda

4,160

265,168.00

3,980

253,061.00

Burundi

1,240

78,844.50

1,240

78,844.50

Tanzania

5,260

264,909.50

4,760

235,710.00

Dem Rep of Congo

123

6,075.00

238

12,404.00

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Malawi

1,331

62,517.00

1,120

50,720.00

TOTAL

117,274

7,593,331.00

103,320

6,650,559.50

 (Inclusive of outlots from previous sales)

 

There was good but irregular demand for the 115,663 packages (7.42 million kilos) on offer with some lines remaining unsold (16.88%)

 

Brighter BP1s met better enquiry and gained USC2 to 20 but a few lines eased by a similar level while mediums were well absorbed at firm to USC16 dearer but some lines lost upto USC4 with make; lower medium BP1s met strong interest gaining USC2 to 76. Plainer sorts held firm to USC40 above last prices. Brighter PF1s met good interest at USC2 to 8 dearer while mediums saw a price appreciation of between USC2 to 16; lower mediums were irregular varying between USC3 to 30 dearer to easier by upto USC16. Plainer types were upto USC10 to 46 dearer. Brighter PDUSTs were irregular ranging between USC2 to 10 dearer for a few improved invoices to easier by USC2 to 10 with mediums well absorbed varying between firm to USC4 dearer to easier by USC4 to 5 while lower mediums held firm to USC15 above last levels but a few lines remained unsold. Plainer descriptions varied between USC6 to 10 easier to dearer by upto USC15. Brighter DUST1s met an irregular enquiry and ranged between USC2 to 12 dearer to easier by a similar margin while mediums eased by upto USC4 but a few clean lines gained by a similar margin; lower mediums were irregular and varied between USC6 easier to dearer by upto USC26. Plainer DUST1s were discounted by USC3 to 20.

 

In the secondary catalogues BPs were irregularly firm to dearer while PFs gained. Clean well sorted Fannings were a strong feature while Dusts were dearer. Other Fannings appreciated while similar Dusts gained substantially. BMFs were well absorbed.

 

Pakistan Packers, Sudan, Yemen and other Middle Eastern countries showed more support with maintained activity from Afghanistan while Bazaar re-entered the market with the Egyptian Government Sector operating. There was less interest from Egyptian Packers, Russia and Kazakhstan(CIS) with the UK selective. Somalia was quite active.

 

CTC QUOTATIONS

BP1 – USC

PF1 – USC

PD – USC

D1 - USC

Best

326 – 370

305 – 331

270 – 344

266 – 293

Good

322 – 350

302 – 310

270 – 284

266 – 292

Good Medium

310 – 334

298 – 307

250 – 272

262 – 274

Medium

310 – 340

292 – 306

250 – 266

230 – 256

Lower Medium

172 – 308

205 – 260

200 – 248

216 – 238

Plainer

092 – 232

115 – 242

105 – 222

100 – 225