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 09 – 1ST & 2ND MARCH, 2010

 

 

AUCTION AVERAGE PRICES

 

 

 

 

 

 

Offerings this week totaled 112,080 packages (7,030,597.50 kilos) against  118,381 packages (7,610,073.00 kilos) for the same period last year, made up as follows:-

 

O F F E R E D

S O L D*

Year 2010

Packages
Kilos

Packages

Kilos

Kenya

81,620

5,315,333.00

78,318

5,120,849.50

Uganda

16,240

918,795.00

15,040

853,391.00

Rwanda

5,660

358,821.50

4,980

318,032.00

Burundi

1,380

82,555.50

1,360

81,480.00

Zambia

-

-

-

-

Tanzania

5,620

290,844.50

4,060

203,440.50

Dem Rep of Congo

40

2,588.00

-

-

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Malawi

1,520

61,660.00

1,480

58,940.00

TOTAL

112,080

7,030,597.50

105,238

6,636,133.00

Year 2009

 

 

 

 

Kenya

85,297

5,660,536.50

74,317

4,946,595.50

Uganda

16,560

994,525.00

12,880

766,921.00

Rwanda

6,978

431,445.50

5,739

350,479.50

Burundi

2,300

137,474.00

1,820

109,409.50

Tanzania

6,890

367,410.00

5,750

296,776.50

Dem Rep of Congo

316

16,126.00

316

16,126.00

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Malawi

40

2,556.00

80

5,112.00

TOTAL

118,381

7,610,073.00

100,902

6,491,420.00

 (Inclusive of outlots from previous sales)

 

Improved general demand for the 112,080 packages (7.03 million kilos) on offer with fewer lines remaining unsold.

 

Brighter BP1s met strong enquiry gaining USC3 to 16 but a few lines eased by upto USC6 with make while mediums saw better absorption at firm to USC22 dearer but poorer types lost upto USC12; lower mediums were well absorbed at USC4 to 10 above last levels. Plainer categories were irregular ranging between USC12 easier to dearer by USC5 to 8 for improved well made invoices. Brighter PF1s were irregular ranging between USC5 to 14 dearer for improved coloury types to easier by USC10 to 17 while mediums were well competed for at firm to USC10 dearer; lower mediums were USC4 to 14 dearer. Plainer sorts were barely steady to USC10 easier. Brighter PDUSTs were a strong feature appreciating by USC7 to 14 while mediums met good competition gaining USC2 to 10; lower mediums opened USC3 dearer but subsequently gained upto USC16. Plainer types were about firm to USC24 dearer. Brighter DUST1s were irregular and ranged between USC2 to 10 dearer to easier by USC3 to 6 while mediums gained USC2 to 10; lower mediums saw good competition appreciating by USC10 to 14. Plainer teas were irregular varying between USC12 to 20 dearer to easier by upto USC10.

 

In the secondary catalogues BPs were irregularly easier while the PFs were firm to dearer. Clean well sorted coloury Fannings and Dusts gained. Other Fannings were irregularly easier while Dusts lost value. BMFs gained.

 

Pakistan and Egyptian Packers were dominant while Sudan lent strong support with improved activity from Yemen, other Middle Eastern countries, UK, Russia and Afghanistan. Bazaar re-entered the market. Somalia continued active at the lower end of the market.

 

CTC QUOTATIONS

BP1 – USC

PF1 – USC

PD – USC

D1 - USC

Best

380 – 408

320 – 358

375 – 394

362 – 393

Good

375 – 384

320 – 342

355 – 390

368 – 386

Good Medium

315 – 380

308 – 334

342 – 388

366 – 382

Medium

320 – 365

300 – 322

332 – 388

334 – 370

Lower Medium

200 – 306

224 – 304

298 – 328

312 – 328

Plainer

130 – 240

140 – 264

198 – 330

150 – 320