SALE NO: 05 – 29TH / 30TH JANUARY 201831
Sri Lanka harvested a crop of 23.5Mkgs during the Month of December 2017, recording a decrease of 13.23% when compared with its previous year’s crop of 27Mkgs. The main contributor for the 23.5Mkgs was from the Low Grown planting districts with 64% followed by the High Growns at 21% and the Medium Growns at 15%.
Sri Lanka reaped a total crop of 307Mkgs during the year 2017, an improvement over the previous year’s crop of 292Mkgs, which is an increase of 5%. The key contributor for the 307Mkgs was from the Low Grown planting districts with 64% followed by the High Growns at 21% and the Medium Growns at 15%. When compared with the 2016 harvest, positive variances have been recorded in the Low Growns at 7.4%, Medium Grown at 2.5%. The High Growns harvested a similar crop.
The Sri Lanka Tea Exports for the Month of December 2017 was recorded at 24Mkgs which is an increase of 6% when compared to the same period of the previous year. The FOB value was Rs.87.98 above the FOB value of 2016. The cumulative export quantity for the year was 289Mkgs at an increased FOB value of Rs.807.44. As a result the to-date value of Tea Exports have exceeded Rs.48.5 billion over the previous year. Turkey has emerged as the leading importer of Sri Lanka Tea. The other Major importers are Iraq, Russia, Iran & the UAE.
The 1.07 Mkgs of Ex-Estate Teas on offer met with improved demand. Well made BOP/BOPFs from the Western Sector gained substantially following quality and special inquiry. Below best and plainer types too appreciated in value as the sale progressed. Uva/Uda Pussellawa BOP/BOPFs were firm to irregularly dearer. Low Grown BP1s appreciated, whilst the High and Medium sorts were easier with some invoices remaining unsold. Low Grown PF1s gained, whilst the High and Medium sorts were mostly firm.
There was good demand for the 3.5 Mkgs of Low Growns that came under the hammer. In the Leafy segment, Select best OP1s declined, whilst the others maintained last levels. BOP1s were lower to last. Pekoe1s appreciated following quality. Bold Pekoes were irregularly lower. OP/OPAs continued to attract good demand. In the Small leaf segment, Select best BOPs appreciated a few rupees, whilst the balance were firm. BOP.SP, BOPF.SP and BOPFs continued to attract lower demand. Select best FBOPs were firm, best and below best held firm. There was Low demand for the FBOPF varieties. Select best Tippy varieties were firm, best and below best gained a few rupees.
There was excellent support from Russia, Iran, Turkey and the C.I.S. countries, whilst Libya and Iraq lent good support.
ALL TIME RECORD PRICES OBTAINED IN THE JK PLC CATALOGUES
|Garden Mark||Grade||Price –Rs.||Category||Management Company/ Proprietor|
|Hingalgoda CTC||PF1||980.00||CTC Low||Tea Small Holder Factories PLC|
|Suduwelipothahena CTC||BP1||680.00||CTC Low||Mr. K D S R Upasena|