Sale No: 9 was concluded this week with a total of 4.8Mkgs on offer.
Latest reports from the High Grown regions indicate continued drought conditions particularly in the Western Sector following the sporadic rainfall that was experienced over the weekend. Marginal increases in crop intakes are reported in most plantation districts indicating improved auction quantities during the last week of March. The present weather conditions should prompt the producers to manufacture brighter teas with a neat appearance possessing colour, strength and body.
Ex-Estate offerings comprised of 0.74MKgs met with fair demand at lower levels. The Select Best Western BOP/BOPFs with some flavour continued to sell well following special inquiry. The coloury invoices were barely steady, whilst the below best and plainer varieties were discounted. Nuwara Eliya BOP/ BOPFs attracted bids at lower levels. The handful of leafy grades sold well. The Uva / Udapussellawa’s were barely steady. Select best Low Grown BP1s & PF1s were firm to dearer. High and Medium types too followed a similar trend.
There was fair demand for the 2.3 Mkgs of Low Growns that were on offer. There was good demand for the BOP1/OP1s and prices appreciated significantly above last. OPs too were dearer. OPAs however shed a few Rupees, whilst PEKOE/PEKOE1s declined. BOPs maintained, however BOP SP were easier to last. BOPFs /BOPF SP too were easier. FBOP/FBOPF1s appreciated in value. Tippy varieties were mainly firm.
There was good demand from Russia, Syria, Iran Turkey and the Middle Eastern countries.
The Colombo Tea Auction is conducted under the Bye-Laws and Conditions of the Ceylon Chamber of Commerce.