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ECONOMYNEXT – Sri Lanka tea costs picked up on the final public sale in November amid low volumes, brokers stated.
“Public sale choices continued to document an additional decline and totalled 4.2 million Kilograms, of which Ex-Property choices comprised of 0.6 million Kilograms. There was good demand,” Forbes and Walker Tea brokers stated.
“Within the Ex-Property catalogues, general high quality of teas confirmed no considerable change. Right here once more, there was good demand within the backdrop of extraordinarily low volumes.”
Excessive Growns
BOP Greatest Westerns had been agency to 50 rupees per kg dearer. Under greatest and plainer varieties had been Rs.50/- per kg simpler on final.
Nuwara Eliya’s had been agency.
BOPF Greatest Westerns had been agency to selectively dearer. Under greatest and plainer teas declined by 50 rupees per kg.
Uva/Uda Pussellawas’ had been usually agency and value variances had been typically reflective of high quality aside from Choose Greatest Uva BOPF’s which had been agency and as much as 50 rupees per kilogram dearer.
CTC teas, on the whole, had been largely agency.
“Most common consumers had been lively, with maybe a barely extra forceful pattern from the native commerce,” brokers stated.
Corresponding OP1’s met with improved demand. Nicely-made OP/OPA’s on the whole had been absolutely agency, while the Under Greatest varieties and poorer kinds met with improved demand. PEK/PEK1’s, on the whole, had been absolutely agency to selectively dearer.
Within the Tippy catalogues, well-made FBOP/FF1’s offered round final ranges, while the cleaner Under Greatest and cleaner teas on the backside appreciated. Steadiness too had been dearer to a lesser extent.
Within the Premium catalogues, very Tippy teas continued to draw good demand. Greatest had been agency to selectively dearer, while the Under Greatest and cleaner teas on the backside appreciated
Low Growns
Low Growns comprised 1.8 million Kilograms. Market met with improved demand, on the whole.
Within the Leafy & Semi Leafy catalogues, choose Greatest BOP1/OP1’s had been absolutely agency, while the Under Greatest/bolder BOP1’s had been barely regular.
Low-grown teas, farmed primarily by smallholders and exported to the Center East and Central Asia, are essentially the most sought-after and costly Ceylon Teas.
Low-grown CTC costs have gained this week to 982.80 per kilogram this week from 934.76 per kilogram final week.
Few Choose greatest BOP1s maintained, while greatest and under greatest had been irregularly decrease. Poorer varieties maintained.
BOPF’s on the whole, agency market.
FBOPF/FBOPF1’s choose greatest and greatest elevated in worth, while the under greatest and backside held agency.
Chosen greatest BOP1’s maintained, while greatest and under greatest had been irregularly decrease.Poorer varieties maintained.
OP1’s selects greatest along with greatest and under greatest had been agency to dearer. Poorer kinds had been absolutely agency.
Medium Growns
BOPF’s, choose greatest gained by 50 rupees per kilogram. Others maintained.
BOP1’s choose greatest dearer by 100 rupees per kg while all others moved up by 50 rupees per kg.
OP1: choose greatest gained by 100 rupees per kg while all others dearer by 100 rupees per kg.
OP/OPA’s on the whole, dearer by 50 rupees per kg while the poorer kinds had been agency.
PEK’s Choose greatest gained by 50 rupees per kg while all others maintained. PEK1: On the whole, dearer by 50 rupees per kg. (Colombo/Dec 04/2022)
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