Sale No: 21
Date: 30th and 31st May, 2017
Most of the low grown planting sub districts in Kalutara, Galle & Matara were inundated once again due to torrential rains that recorded rainfall figures well in excess of 500 mm. Kukuleganga recorded the highest at 635mm, towards the end of last week. A few tea factories including the surrounding buildings, machinery & produce were affected badly in view of the floods & earth slips with high water levels in some low lying areas. Due to this grave situation, worker out turns too have been very poor and become a major constraint. This rings alarm bells as far as the produce from the low grown factories are concerned and we foresee a major decline in the quantities for cataloguing in the ensuing weeks since transportation of green leaf & produce is hindered to a great extent in these areas. Hence, a sharp decline in the quality of tea too will be anticipated as the harvesting of green leaf has been severely hampered.
1.3 Mkgs of Ex Estate teas on offer met with lower demand closely following quality. There was better interest however, from the buyers when compared to last week. High Grown BOPs declined, whilst the BOPFs too were easier following quality. Nuwara Eliya BOP/BOPFs were substantially lower with a number of invoices remaining unsold. Uva/ Udapussellawa BOPs declined from last levels, whilst the BOPFs were barey steady. CTC BP1s from all elevations were tending dearer, whilst the High & Medium grown PF1S were firm to a little dearer at times. Low Grown PF1s were dearer following quality.
The 3.1 Mkgs of Low Grown teas that were on offer, met with good demand. In the Leafy category, Select Best OP1/BOP1s gained a few rupees, whilst the balance were firm to easier. Select Best OP/OPAs along with others declined slightly. Shotty Pekoe/Pekoe1s were firm and gained a few rupees following quality. In the Small leaf segment, Select Best BOP/BOP.SPs and FBOPF/FBOPF.SPs met with good demand and advanced a few rupees, best types were firm. Select best and Best FBOPs gained a few rupees, whilst the others were firm. Well-made FBOPF1s appreciated and sold at attractive levels. Tippy varieties held firm on last levels.
There was good demand from Russia, Iran, Syria and useful support was lent from Iraq and Libya.