CURRENT MARKET REPORT

 

 

                           The East African Tea Export Auctions

                                                         M O M B A S A

                                                                  (Held under the Rules of the East African Tea Trade Association)

                                                                  AUCTION NO 37   10TH & 11TH SEPTEMBER 2018

Offerings this week totaled 138,821 packages (8,972,283.00kilos) against 131,860 packages (8,589,806.00kilos) for the same period last year, made up as follows:-

 

O F F E R E D

S O L D*

Year 2018

Packages

Kilos

Packages

Kilos

Kenya

100,850

6,748,434.00

93,579

6,282,958.50

Uganda

25,440

1,447,535.00

18,240

1,027,828.00

Rwanda

6,500

443,379.00

5,380

366,087.50

Burundi

3,020

179,254.00

2,760

165,414.00

Tanzania

1,540

87,436.00

700

41,064.00

Dem Rep of Congo

411

20,470.00

411

20,470.00

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Malawi

-

-

-

-

Ethiopia

1,060

45,775.00

1,060

45,571.00

TOTAL

138,821

8,972,283.00

122,130

7,949,393.00

Year 2017

 

 

 

 

Kenya

104,820

6,987,759.00

100,920

6,738,345.00

Uganda

15,640

895,049.00

15,380

882,128.40

Rwanda

5,900

397,578.00

5,340

361,047.00

Burundi

2,200

137,664.00

2,080

131,216.00

Tanzania

2,000

110,768.00

2,000

110,768.00

Dem Rep of Congo

200

12,508.00

200

12,508.00

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Ethiopia

1,100

48,480.00

1,100

48,397.00

TOTAL

131,860

8,589,806.00

127,020

8,284,409.40

 (Inclusive of outlots from previous sales)

 

There was good demand for the 138,821 packages (8,972,283 kilos) in the market at irregular levels.14.30% remained unsold.

 

The best BP1s available saw improved enquiry and advanced by USC23 to USC42 while brighter categories were irregular ranging between firm to USC10 dearer to easier by USC5 to USC10 with medium descriptions ranging between firm to USC8 dearer to easier by a similar margin. Lower medium sorts held firm to USC13 easier but some selected invoices appreciated by up to USC32 while plainer types were firm to USC16 easier where sold.  Best PF1s on offer gained USC9 but a few lines shed up to USC16 with brighter varieties USC13 to USC16 dearer while mediums were firm  to  USC10 above previous rates; lower medium categories appreciated by USC5 to USC6 with plainer descriptions a weak feature and eased by USC4 to USC11 but a few improved invoices gained up to USC12. The best PDUSTs available shed USC5 to USC6 while brighter sorts held steady to USC12 easier with medium varieties firm to USC12 easier; lower mediums met an irregular enquiry varying between USC12 dearer to easier by up to USC16 while improved plainer descriptions gained up to USC20 but plainest were difficult of sale and eased by up to USC18 where sold. Best DUST1s in the market held steady to USC12 easier while brighter varieties eased by USC5 to USC10 with mediums irregular ranging between firm to USC12 dearer to easier by up to USC4; lower mediums  met improved interest at firm to USC8 dearer while plainer categories were discounted by USC5 to USC7 where sold.

 

In the secondary catalogues BPs held value while PFs were firm. Clean well sorted coloury Fannings appreciated with similar DUSTs steady. Other Fannings held value with similar DUSTs firm. BMFs were well absorbed.

 

Pakistan Packers, Yemen and other Middle Eastern countries lent more and useful support with increased interest from Afghanistan, Kazakhstan and other CIS nations. Egyptian Packers showed more activity with more but selective enquiries from UK and Bazaar. Russia and Sudan showed some interest but were even more selective while Iran was quiet. Somalia was active at the lower end of the market.

 

 

CTC QUOTATIONS

BP1 USC

PF1 USC

PD USC

D1 - USC

Best

345 440

285 345

330 340

310 342

Good

335 377

287 330

330 340

305 330

Good Medium

258 357

272 308

322 339

300 318

Medium

210 244

234 284

230 272

228 282

Lower Medium

128 244

140 244

130 246

210 244

Plainer

105 140

102 188

102 204

110 200