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 03   14TH & 15TH JANUARY, 2019

Offerings this week totaled 187,639 packages (12,104,346.00kilos) against 179,439packages (11,385,435.00kilos) for the same period last year, made up as follows:-

 

O F F E R E D

S O L D*

Year 2019

Packages

Kilos

Packages

Kilos

Kenya

139,900

9,323,957.00

126,200

8,454,187.00

Uganda

29,859

1,699,552.00

27,159

1,527,911.45

Rwanda

6,680

456,037.00

5,940

405,180.00

Burundi

2,500

157,653.00

2,260

143,653.00

Tanzania

8,260

447,978.00

6,920

367,210.00

Dem Rep of Congo

-

-

-

-

Mozambique

-

-

-

-

Malawi

-

-

-

-

Ethiopia

440

19,169.00

420

18,382.00

TOTAL

187,639

12,104,346.00

168,899

10,916,523.45

Year 2018

 

 

 

 

Kenya

130,660

8,554,228.00

122,880

8,078,620.00

Uganda

30,699

1,733,370.00

27,659

1,544,286.00

Rwanda

7,360

498,556.00

6,700

454,464.00

Burundi

2,540

161,278.00

2,620

166,066.00

Tanzania

7,040

381,123.00

4,700

239,395.00

Dem Rep of Congo

-

-

-

-

Mozambique

280

15,156.00

280

15,156.00

Ethiopia

860

41,724.00

860

41,724.00

TOTAL

179,439

11,385,435.00

165,699

10,539,711.00

 (Inclusive of outlots from previous sales)

 

There was good general demand for the 187,639 packages (12,104,346 kilos) in the market. 14.75% remained unsold. 


Best BP1s on offer met an irregular enquiry and ranged between USC9 dearer to easier by up to USC12 while brighter descriptions appreciated by USC10 to USC20 with medium categories irregular varying between firm to USC2 to USC12 above last levels to easier by USC2 to USC5. Lower medium varieties shed USC6 to USC10 with some invoices remaining unsold while plainer sorts were well absorbed at firm to USC18 below previous levels. The best PF1s available were firm to USC4 dearer with brighter sorts easing by USC2 to USC4 while mediums were steady to USC6 easier; lower medium varieties lost USC9 to USC14 but a few invoices gained with quality while plainer descriptions saw an irregular interest varying between USC14 dearer to easier by up to USC4 with poorer teas difficult of sale.  Best PDUSTs in the market gained USC4 to USC17 while brighter varieties were steady to USC11 below last prices with medium types discounted by USC4 to USC6.  Lower medium descriptions shed USC2 to USC18 while plainer sorts were irregular and ranged between firm to USC2 dearer to easier by up to USC3 and some teas were neglected.

The best DUST1s available appreciated by USC11 to USC24 with brighter categories irregular and varied between USC14 dearer to easier by up to USC11 while mediums varied between firm to USC34 above last rates to easier by up to USC14. Lower mediums were firm to USC24 below last prices with plainer types irregular ranging between USC6 dearer to easier by USC3 to USC12 and many invoices remained unsold.  

 

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

 

Pakistan Packers lent useful support while Egyptian Packers showed strong interest with more activity from Russia and UK. Afghanistan and Bazaar maintained support but there was less interest from Yemen, other Middle Eastern countries, Kazakhstan, other CIS nations and Sudan. Iran were subdued. Somalia were active at the lower end of the market.

 

 

CTC QUOTATIONS

BP1 USC

PF1 USC

PD USC

D1 - USC

Best

294 406

272 316

262 367

258 340

Good

280 342

268 288

260 277

264 285

Good Medium

245 372

256 294

254 279

246 286

Medium

210 288

230 262

230 250

180 246

Lower Medium

128 252

145 222

092 226

130 228

Plainer

110 170

108 180

100 177

105 175