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ECONOMYNEXT – Sri Lanka’s Excessive Growns had been up whereas Medium and Low Grown costs had been down at an public sale on March 22 amidst good demand brokers mentioned, after an earlier steep fall in rupee phrases because the rupee appreciated.
Complete public sale quantity was 5.2 million kilograms and there was good normal demand, Forbes and Walker tea brokers mentioned in a report.
The weekly sale common grew to 1282.01 rupees from 1256.96 rupees from per week in the past, based on information.
“Total high quality was decrease to final, significantly teas from the Western Planting districts,” Forbes and Walker mentioned.
Excessive Growns
The Excessive Grown sale common was up by 15.54 rupees to 1,334.85 from 1,440.05 rupees final week, Ceylon Tea Brokers mentioned.
Ex-Property choices had been pretty much like final and totalled 0.74 million kilos
In BOP, a handful of invoices had been regular and marginally gained following particular inquiry, while the others declined as much as 100 rupees per kilo.
“Within the Under Finest class, brighter types had been down 50-100 per kilo, while the others along with teas on the decrease finish of the market declined 50-100 rupees per kilo and extra.
Effectively-made OP/OPA’s along with decrease finish had been down 50-100 rupees per kilo.
A restricted number of Flavory PEK’s that had been out there had been irregularly down. Effectively-made Orthodox leafy PEK’s had been regular on final while others along with PEK1′ generally had been down 50 rupees and extra at instances.
Low Growns
The typical value of Low Growns grew 34.45 rupees to 1,307.03 rupees.
A number of choose Finest FBOPs appreciated following particular inquiry. Nevertheless, teas on the backside appreciated. FBOP1s generally had been regular.
Choose Finest BOP1s had been agency to dearer following high quality, while Finest and Under Finest varieties had been agency. Poorer types maintained.
Low Growns comprised of two.1 million kilograms.
Within the Leafy and Semi Leafy catalogues, a couple of choose Finest OP1/BOP1’s had been regular to up, while the steadiness had been regular.
Effectively-made OP/OPA’s had been agency to selectively dearer following high quality, while the Finest and Under Finest along with the poorer varieties down.
Effectively-made PEK/PEK1’s had been agency to selectively up.
Finest and Under Finest varieties too met with honest demand, while the poorer types had been absolutely agency.
Medium Growns
The Medium Growns sale common was up by 19.37 rupees to 1,127.22 rupees final week.
Massive Leaf teas continued to promote effectively, while the others had been down by 50-100 rupees per kilo.
In BOPF higher types had been regular and as much as 50 rupees per kilo, while the others had been irregular.
PEK/PEK1’s generally commenced agency on final and declined 50-100 rupees per kilo because the sale progressed.
(Colombo/Marh 26/2023)
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