SALE NO: 5 of the Year 2017
Sale No: 5 was concluded this week with a total of 7.1Mkgs on offer. (31st January and 01st February, 2017)
Production from all elevations continue to record low levels on account of the intemperate weather conditions experienced. Following the very wet weather conditions experienced last week in the Plantation districts, a drastic turnaround of the weather conditions is reported from the Western and Uva sectors. Clear mornings and low night time temperatures are experienced which are conducive for quality manufacture especially in the Western Sector.
Ex-Estate offerings comprised of 1.03Mkgs met with a lower demand. Limited selection of well made, brighter teas with seasonal character were firm to last and appreciated. Whilst all others declined sharply. A number of invoices remained unsold due to a lack of adequate bids. A few Nuwara Eliya BOPs sold well on special inquiry, whilst the BOPFs declined. CTC PF1s were easier to last barring a few select best Low Grown types that maintained. Liquoring leafy varieties attracted high bids on special inquiry.
There was fair demand for the 3.6 Mkgs of Low Growns that were on offer. Select best and best OP1s maintained, however the below best and poorer types advanced a few rupees above last. Select best and best BOP1s were firm, however the below best and poorer varieties moved up a few rupees. OPs declined a few rupees on last, whilst the OPAs also shed on last levels. Pekoe/Pekoe1s too declined. In the Small leaf category BOP/BOP.SP, BOPF and BOPF.SPs declined fairly sharply on last. FBOPs tended irregular, whilst the FBOPF1s too eased on last levels. Tippy varieties too was an easier feature.
The Colombo Tea Auction is conducted under the Bye-Laws and Conditions of the Ceylon Chamber of Commerce.