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 17 – 5TH & 6TH MAY, 2008

 

 

AUCTION AVERAGE PRICES

 

 

 

 

 

Offerings this week totaled 84,360 packages ( 5,386,196.00 kilos ) against 153.316 packages 9,672,791.80 kilos ) for the same period last year, made up as follows:-

 

O F F E R E D

S O L D*

Year 2008

Packages
Kilos

Packages

Kilos

Kenya

55,462

3,699,811.50

49,964

3,316,756.00

Uganda

11,380

686,909.50

10,400

624,145.50

Rwanda

5,980

383,312.00

5,100

324,061.50

Burundi

3,420

210,573.00

2,940

183,404.50

Tanzania

6,600

334,624.00

6,220

314,369.50

Dem Rep of Congo

341

19,298.00

240

13,559.00

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Malawi

1,177

51,668.00

1,097

46,548.00

TOTAL

84,360

5,386,196.00

75,961

4,822,844.00

Year 2007

 
 

 

 

Kenya

111,740

7,247,186.50

98,420

6,394,736.50

Uganda

14,570

876,690.00

12,690

759,059.00

Rwanda

8,700

574,587.80

7,720

504,096.00

Burundi

2,890

172,614.00

1,810

106,522.00

Tanzania

10,920

581,671.00

8,000

405,388.50

Dem Rep of Congo

360

22,169.50

180

10,184.00

Mozambique

2,380

118,422.00

2,110

101,110.00

Madagascar

360

20,000.00

160

8,240.00

Malawi

1,396

59,451.00

1,276

52,301.00

TOTAL

153,316

9,672,791.80

132,366

8,341,637.00

 (Inclusive of outlots from previous sales)

 

There was good general demand for the 84,360 packages on offer at irregular rates which strengthened as the sale progressed with some teas remaining unsold.

 

Brighter BP1s met an irregular enquiry with improved teas fully firm to USC5 dearer but others lost USC9 to 20 while well made mediums were firm to USC4 above last levels put poorer sorts declined by upto USC5; well made lower mediums were well absorbed gaining upto USC10 but others lost by a similar margin. Plainer descriptions were irregular ranging between USC3 to 13 dearer for improved lines to easier by USC10 to 14. Brighter PF1s saw better absorption appreciating by upto USC14 with mediums a strong feature gaining USC3 to 16 but poorer types lost USC2 to 3 while lower mediums saw improved interest at USC3 to 16 above last prices. Plainer sorts were barely steady to USC9 easier. Improved brighter PDUSTs were well absorbed gaining USC3 to 15 but a few lines lost upto USC4 while mediums were barely steady to USC11 below last prices; lower mediums saw price declines of upto USC18 with plainer types irregular ranging between USC8 easier to dearer by upto USC5. Brighter DUST1s saw less interest declining by USC3 to 14 while mediums were irregular with improved coloury sorts upto USC7 dearer but others eased by USC7 to 14 while lower mediums met an irregular market ranging between USC3 dearer to easier by upto USC16. Plainer DUST1s were firm to USC15 below last prices.

 

In the secondary catalogues all BPs were irregularly firm but PFs lost value while clean well sorted Fannings appreciated; similar Dusts were steady. Other Fannings and Dusts eased. BMFs were well absorbed.

 

Pakistan Packers showed very strong support while Sudan lent useful activity with more interest from Kazakhstan(CIS) and Russia while Egyptian Packers and the Bazaar operated at lower levels. Yemen and other Middle Eastern countries maintained interest with the UK active but selective while the Afghanistan and the Egyptian Government Sector showed some interest. Somalia continued quite active at the lower end of the market.

 

CTC QUOTATIONS

BP1 – USC

PF1 – USC

PD – USC

D1 - USC

Best

242 – 290

240 – 299

232 – 295

242 – 286

Good

231 – 259

234 – 249

235 – 260

240 – 264

Good Medium

205 – 235

236 – 248

226 – 235

237 – 242

Medium

206 – 233

228 – 240

219 – 234

221 – 240

Lower Medium

136 – 190

175 – 221

200 – 226

213 – 221

Plainer

092 – 200

106 – 204

135 – 216

130 – 220