OTHER MARKET CENTRES (Week 05 – 30/01/12)

 

 

COLOMBO

 

7.0 million kilos on offer met less demand. Best Western BOPs where quality was improved gained Rs10 to 20 while others were irregularly easier. In the below best category high priced teas were irregular with others firm at Rs5 to 10 while plainer sorts were irregularly easier. Nuwara Eliyas were barely steady while Uva/Udapussellawas were upto Rs10 lower. Best Western BOPFs were fully firm and tended dearer where quality was maintained; others declined Rs10 to 20 and more following quality. Teas in the below best/plainer categories were firm and Rs5 to 10 dearer at the commencement but declined by a similar margin and more towards the close. Nuwara Eliyas were down by Rs10 to 20 and more while Uva/Udapussellawas declined by a similar margin. The Low Growns were generally irregularly lower. CIS, Dubai, Kuwait, Saudi Arabia and Iraq were active.

 

Auction quotations in Rupees per Kg                                    BOP                                     BOPF

Better Western High Grown                                               400.00 – 580.00                  415.00 – 500.00

Uva / Udapussellawas                                                       290.00 – 350.00                  300.00 – 360.00

Good Medium                                                                      435.00 – 475.00                  360.00 – 380.00

Low Medium                                                                        320.00 – 325.00                  335.00 – 350.00

 

(Exchange Rate: RUPEE APPROX PER UNIT AGAINST US DOLLAR – 114.88)

 

KOLKATA

 

There was good demand. CTC Assams maintaining quality were around last levels while remainder tended irregularly easier following quality.  Orthodox selected cleaner and well made varieties were readily absorbed and sold following quality; remainder eased irregularly in line with quality while stalky, end of season teas met with less enquiry and often withdrawn. In the Dust sale Assams maintaining quality sold well while remainder followed an irregular trend.

 

CHITTAGONG

 

Again strong demand . Good and clean liquoring Brokens were fully firm to slightly dearer  while plainer types were easier with poor end of season teas difficult of sale and there were fair withdrawals. Best liquoring Fannings were again strongly competed for and were fully firm to slightly dearer; good liquoring types were mostly firm while plainer sorts were easier with poor end of season teas mostly neglected. CTC Dusts were firm to slightly easier while a few good liquoring varieties were fully firm to slightly dearer; others were an easier market in line with quality; end  of season teas eased further with some withdrawals.

 

KOCHI

 

Good demand. Orthodox well made Nilgiri and medium leafier brokens were firm to dearer while remainder were irregular and lower with quality. CTC good liquoring sorts were firm to dearer while remainder were irregular and lower following quality particularly smaller brokens and Fannings. In the Dust sale there was fair but selective demand with high priced teas tending lower; remainder were irregular around last and at times lower with quality except plain black leafy kinds which were firm on last.

 

GUWAHATI

 

Good demand. Select better liquoring teas were around last while remainder were irregular following quality.

 

SILIGURI

 

There was good demand. Medium and plainer categories tended irregular around last while good and best sorts remained unsold.

 

MALAWI

 

There was selective demand at irregular rates for the 7,280 packages on offer. BP1s were generally firm on last while well made PF1s were firm to dearer but lesser sorts tended easier with light liquoring invoices neglected. PFs were generally firm on last while PDs were irregular with lighter liquoring sorts down by 6 to 15cents on last. D1s met good competition at firm rates while PF1SCs were firm to dearer. Secondary teas were firm to dearer by 5 to 8cents.

 

JAKARTA

 

Fair demand with all descriptions generally irregularly easier.