(Held under the Rules of the East
African Tea Trade Association)
AUCTION
NO 17 – 5TH & 6TH MAY, 2008
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 |
|
|
55,462 |
3,699,811.50 |
49,964 |
3,316,756.00 |
|
|
11,380 |
686,909.50 |
10,400 |
624,145.50 |
|
|
5,980 |
383,312.00 |
5,100 |
324,061.50 |
|
|
3,420 |
210,573.00 |
2,940 |
183,404.50 |
|
|
6,600 |
334,624.00 |
6,220 |
314,369.50 |
|
Dem Rep of |
341 |
19,298.00 |
240 |
13,559.00 |
|
|
- |
- |
- |
- |
|
|
- |
- |
- |
- |
|
|
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 |
|
|
|
|
|
|
111,740 |
7,247,186.50 |
98,420 |
6,394,736.50 |
|
|
14,570 |
876,690.00 |
12,690 |
759,059.00 |
|
|
8,700 |
574,587.80 |
7,720 |
504,096.00 |
|
|
2,890 |
172,614.00 |
1,810 |
106,522.00 |
|
|
10,920 |
581,671.00 |
8,000 |
405,388.50 |
|
Dem Rep of |
360 |
22,169.50 |
180 |
10,184.00 |
|
|
2,380 |
118,422.00 |
2,110 |
101,110.00 |
|
|
360 |
20,000.00 |
160 |
8,240.00 |
|
|
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
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 |
|