SALE NO: 10 – 06TH /07TH MARCH 2018
The National Economic Council (NEC) has decided to lift the illogical ban imposed on “Glyphosate”, a widely-used weedicide, in light of overwhelming scientific consensus that the chemical is not harmful to human health. The decision had now been put across to the Agriculture Ministry to take the necessary steps to formally remove the ban imposed on “Glyphosate”. The Agriculture Ministry’s technical committee has to now submit the recommendations and gazette it. This is indeed some welcome news to the Industry.
The Sri Lankan National average stood at Rs.631.22 per kg for the month of February 2018.This is higher [7.3%] to the Rs.596.85 achieved during the same month in 2017. The High Growns averaged Rs.644.02, whilst the Low Growns averaged Rs.640.30 and the Medium Growns averaged Rs.575.04. The gains have been from the High Grown (+6.6%) followed by Low Grown (+6%) and Medium Grown (+4.3%). The overall National average to end February is at Rs.636.27 a gain of Rs.39.79 when compared with the same period of 2017.
0.91 Mkgs of Ex Estate teas on offer met with lower demand. Select best BOPs were irregular following quality, whilst the below best and plainer varieties were somewhat easier. Select best BOPFs declined, whilst the below best and plainer varieties were firm to irregularly dearer as the sale progressed. Nuwara Eliya BOPs were firm to a little dearer at times , whilst the BOPFs advanced on last levels. Uva/Udapussellawa BOPs were firm, whilst the BOPFs were mostly dearer. Low Grown BP1s were firm to a little dearer, whilst the High and Medium sorts declined. Low Grown PF1s were firm, whilst the High and Medium sorts were tending irregular.
There was better demand for the 2.5 Mkgs of Low Grown teas which came under the hammer this week. In the Leafy segment, Select best OP1s shed a few rupees, whilst the balance continued to be lower. BOP1s maintained last levels. OP/OPAs were firm. Well-made Pekoe1s met with excellent demand and appreciated following quality. Pekoes met with irregular demand. In the Small Leaf segment, best BOPs declined several rupees. BOP.SPs were firm. BOPF.SP and BOPFs attracted useful support. Select best FBOPs were firm, balance met with irregular demand. Demand for FBOPF1s were relatively low. FBOPF varieties met with improved demand. All Premium Flowery Teas were substantially lower to last.
There was good demand from Russia, Turkey and the C.I.S. countries, whilst Iran was selective. Iraq and Libya lent good support.
ALL TIME RECORD PRICES OBTAINED IN THE JK PLC CATALOGUES