(Held under the Rules
of the East African Tea Trade Association)
AUCTION NO 04 – 23RD & 24TH
JANUARY, 2012
Offerings this week totaled 148,370 packages
(9,409,113.50 kilos) against 118,193 packages (7,445,381.90 kilos) for the same period last year, made up as follows:-
|
|
O F F E R E D |
S O L D* |
||
|
Year 2012 |
Packages
|
Kilos
|
Packages |
Kilos |
|
|
105,941 |
6,974,343.00 |
86,523 |
5,713,479.00 |
|
|
24,375 |
1,376,907.00 |
19,435 |
1,060,383.00 |
|
|
6,401 |
403,661.50 |
5,651 |
354,200.80 |
|
|
3,817 |
230,243.00 |
2,797 |
166,841.00 |
|
Tanzania |
6,076 |
330,604.00 |
4,916 |
251,670.00 |
|
Dem Rep of |
- |
- |
- |
- |
|
|
660 |
34,315.00 |
580 |
29,403.00 |
|
|
360 |
20,000.00 |
280 |
15,564.00 |
|
|
740 |
39,040.00 |
740 |
39,040.00 |
TOTAL
|
148,370 |
9,409,113.50 |
120,922 |
7,630,580.80 |
|
Year 2011 |
|
|
|
|
|
|
78,184 |
5,154,082.00 |
53,700 |
3,544,473.00 |
|
Uganda |
21,169 |
1,185,929.00 |
11,540 |
584,620.00 |
|
|
8,460 |
532,194.90 |
5,200 |
323,131.90 |
|
|
2,580 |
154,177.00 |
1,980 |
115,351.50 |
|
|
4,940 |
258,479.50 |
2,932 |
141,285.00 |
|
Dem Rep of |
400 |
24,080.00 |
280 |
16,252.00 |
|
|
500 |
27,996.00 |
200 |
9,988.50 |
|
Madagascar |
340 |
20,000.00 |
340 |
19,956.00 |
|
Malawi |
1,620 |
88,443.50 |
1,460 |
78,283.50 |
|
TOTAL |
118,193 |
7,445,381.90 |
77,632 |
4,833,341.40 |
(Inclusive of outlots from previous sales)
Less general demand for the largest auction,
todate, offering 9,409,113 kilos (148,370
packages) at generally easier rates with many more teas remaining unsold (25.61%).
There was lower absorption due to
large stocks held up at the Port of Mombasa and in Warehouses.
Brighter
BP1s
saw good interest but shed USC12 to 26 although a few lines gained upto USC20
while mediums met improved competition gaining USC8 to 12 but some invoices
shed upto USC6; lower mediums saw good enquiry at USC2 to 14 dearer. Plainer
sorts were irregular and varied between USC2 easier to dearer upto USC6 to 20. Brighter PF1s met an irregular enquiry
and varied between USC8 to 25 easier to dearer by USC4 to 10 with mediums
discounted by USC17 to 20 but some coloury lines gained upto USC5. Lower medium
PF1s were heavily discounted by US5 to 36 and many teas were neglected but a
few improved invoices were upto USC5 dearer while plainer types saw heavy
withdrawals but some improved lines gained USC2 to 18; others lost upto USC30
where sold. Brighter PDUSTs met
irregular interest with a few improved lines upto USC20 dearer but others eased
by USC4 to 16 while mediums were a weak feature and shed USC6 to 20 with a few
invoices remaining unsold; lower mediums were discounted by USC20 to 26 with
many teas neglected. Plainer descriptions were a weak feature losing upto USC30
with many lines taken out. Brighter
DUST1s saw less activity at USC2 to 14 easier with mediums discounted by
USC2 to 12 while lower medium DUST1s were a weak feature and shed USC14 to 25
but clean coloury lines were upto USC8 dearer. Plainer teas were well competed
for at firm to USC18 below last prices.
In the secondary catalogues better made BPs
were easier but others were firm while PFs were firm to dearer. Clean well
sorted coloury Fannings were discounted but a few brighter lines gained while
similar Dusts were dearer. Other Fannings were irregularly easier and Dusts
eased. BMFs were well absorbed.
Kazakhstan(CIS) and Russia showed strong support while Sudan was more active and
Pakistan Packers and UK were active with
the latter selective. Bazaar, Yemen, other Middle Eastern countries maintained
interest while Afghanistan was active but at lower levels with less interest
from Egyptian Packers. Iran was out bid. Somalia was active.
|
CTC
QUOTATIONS |
BP1 –
USC |
PF1 –
USC |
PD –
USC |
D1 -
USC |
|
256 – 340 |
318 – 376 |
334 – 387 |
335 – 376 |
|
|
Good |
260 – 300 |
316 – 324 |
336 – 344 |
335 – 348 |
|
Good Medium |
247 – 308 |
315 – 324 |
334 – 342 |
330 – 338 |
|
Medium |
190 – 272 |
280 – 315 |
270 – 338 |
298 – 344 |
|
Lower Medium |
152 – 220 |
200 – 260 |
280 – 300 |
290 – 318 |
|
Plainer |
100 – 166 |
105 – 216 |
090 – 255 |
090 – 302 |
|