SALE NO: 08 – 20TH / 21ST FEBRUARY 2018
Sri Lanka harvested a crop of 24.27Mkgs during the Month of January 2018 improving on its previous year’s crop of 21.3Mkgs, an increase of 14%. The main contributor for the 24.27Mkgs was from the Low Grown planting districts with 66% followed by the High Growns at 21% and the Medium Growns at 13%. When compared with the 2017 harvest, positive variances have been recorded in the Low Growns at 14%, Medium Grown at 18% and the High Grown at 12%.
The Sri Lanka Tea Exports for the Month of January 2018 was recorded at 21Mkgs which is a marginal increase of 4% when compared to the same period of the previous year. The FOB value was Rs.63.11 above the FOB value of 2017. As a result the value of the Tea Exports for the first month of the year has exceeded by Rs.1.9Billion over the previous year. Iraq has emerged as the leading importer of Sri Lanka Tea. The other Major importers of Sri Lanka Tea are Russia, Turkey, Iran and U.A.E. Other countries such as Azerbaijan, Syria, Germany, China and Japan have also lent useful support.
Sale No: 8 was concluded this week with a total of 6.3Mkgs on offer.
There was limited demand at lower prices throughout the sale for the 1.09Mkgs of Ex-Estate teas on offer. The handful of well made, brighter teas in the Western High Grown category with seasonal character sold well, following special inquiry. The Western Mediums and Uva’s met with selective demand. The poorer lots were neglected. The Nuwara Eliya BOP/BOPFs attracted useful bids. CTC PF1s were easier to last barring a few select best Low Grown types that maintained.
There was lower demand for the 2.8 Mkgs of Low Growns that were on offer. In the Leafy segment, OP1s declined several rupees, whilst the BOP1s were lower to last. OP/OPAs shed following quality. Pekoes met with irregular demand, whilst the Pekoe1s held firm. In the Small leaf segment, best BOPs declined following quality, whilst the balance met with lower demand. BOP.SP, BOPF.SP and BOPFs attracted lower bids. Select best FBOPs were lower to last, best and below best types declined further. FBOPF varieties continued to attract lower demand. All teas in the Premium Flowery catalogue were lower to last.
There was fair demand from Turkey and the C.I.S. countries, whilst Russia and Iran were selective. Iraq and Libya lent fair support.
ALL TIME RECORD PRICE OBTAINED IN THE JK PLC CATALOGUE
|Garden Mark||Grade||Price –Rs.||Category||Management Company/ Proprietor|
|Lovers Leap||BOP||1050.00||Nuwara Eliya Teas||Kelani Valley Plantations PLC|