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 20 13TH & 14TH MAY, 2019

Offerings this week totaled 115,119 packages (7,376,016.50kilos) against 167,272 packages (10,932,188.00kilos) 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

76,180

5,081,406.00

64,960

4,335,603.00

Uganda

20,679

1,176,393.00

13,829

778,191.00

Rwanda

8,080

545,540.50

6,200

422,904.00

Burundi

2,400

151,921.00

2,160

137,798.00

Tanzania

7,720

417,992.00

5,460

290,662.00

Dem Rep of Congo

-

-

-

-

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Malawi

-

-

-

-

Ethiopia

60

2,764.00

60

2,764.00

TOTAL

115,119

7,376,016.50

92,669

5,967,922.00

Year 2018

Packages

Kilos

Packages

Kilos

Kenya

122,540

8,269,978.00

113,360

7,652,773.00

Uganda

23,800

1,362,615.00

20,439

1,172,386.00

Rwanda

8,202

557,785.00

7,463

508,642.00

Burundi

3,380

213,345.00

3,320

210,407.00

Tanzania

8,710

483,809.00

7,810

434,805.00

Dem Rep of Congo

200

13,900.00

40

2,876.00

Mozambique

440

30,756.00

440

30,756.00

Madagascar

-

-

-

-

Malawi

-

-

-

-

Ethiopia

-

-

-

-

TOTAL

167,272

10,932,188.00

152,872

10,012,645.00

(Inclusive of outlots from previous sales)

 

 

There was less demand for the 115,119 packages (7,376,016 kilos) in the market at irregularly easier rates and 23.66% were neglected.


The best BP1s available were steady to USC18 easier with brighter types gaining USC5 to USC10 while medium categories saw an irregular enquiry ranging between firm to USC38 dearer to easier by USC5 to USC6 and some invoices were unsold. Lower medium varieties varied between USC2 dearer to easier by up to USC6 while plainer sorts appreciated by USC2 to USC10 but poorest were unsold. Best PF1s on offer shed USC14 to USC36 with brighter sorts easing by USC15 to USC34 and many lines remained without bids while medium varieties were discounted by USC12 to USC25 where sold; lower mediums ranged between firm to USC15 dearer to easier by a similar rate with plainer descriptions USC10 to USC40 and more below previous levels and many teas remained unsold. Best PDUSTs available eased by USC4 to USC40 while brighter sorts held firm to USC46 easier and a few invoices were unsold with mediums declining by USC10 to USC66 and more following quality and some lines were neglected; lower medium categories were firm to USC8 above last prices while improved plainer sorts were up to USC20 dearer but others were discounted by up to USC14 and many teas remained unsold. Best DUST1s on offer held firm to USC5 dearer with brighter types steady to USC24 below previous rates while medium varieties were about firm to USC32 below last prices; lower medium descriptions eased by USC6 to USC8 and a few invoices were unsold with plainer categories varying between USC12 above last levels to easier by a similar rate and many teas were neglected.


In the Secondary Catalogues BPs held value with PFs easier. Clean well sorted coloury Fannings appreciated with similar DUSTs easier. Other Fannings were barely steady while DUSTs eased.  BMFs were absorbed at easier rates.

 

Pakistan Packers lent good interest with more enquiries from Yemen and other Middle Eastern countries at lower levels while UK and Sudan increased interest. Afghanistan and Bazaar showed reduced and selective support with less activity from Egyptian Packers, Kazakhstan and other CIS nations. Russia were quieter. Somalia showed reduced activity at the lower end of the market.

  

CTC QUOTATIONS

BP1 USC

PF1 USC

PD USC

D1 - USC

Best

245 480

270 310

380 388

317 357

Good

245 420

255 292

375 386

310 324

Good Medium

230 296

240 280

360 384

283 321

Medium

200 260

206 254

292 310

210 304

Lower Medium

142 250

115 240

100 302

100 288

Plainer

100 202

070 175

090 230

102 - 230