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 45 - 13TH & 14TH NOVEMBER, 2017

Offerings this week totaled 138,321 packages (9,075,225.00kilos) against 115,579 packages (7,575,449.00kilos) for the same period last year, made up as follows:-

 

O F F E R E D

S O L D*

Year 2017

Packages

Kilos

Packages

Kilos

Kenya

104,282

7,038,661.00

100,382

6,789,567.00

Uganda

23,739

1,380,278.00

22,559

1,308,511.00

Rwanda

5,220

352,016.00

4,619

313,486.00

Burundi

2,060

131,766.00

1,660

107,782.00

Tanzania

3,020

172,504.00

2,900

165,560.00

Dem Rep of Congo

-

-

-

-

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Malawi

-

-

-

-

Ethiopia

-

-

-

-

TOTAL

138,321

9,075,225.00

132,120

8,684,906.00

Year 2016

 

 

 

 

Kenya

93,740

6,303,989.00

87,560

5,887,443.00

Uganda

17,099

964,948.00

15,699

883,478.00

Rwanda

3,820

251,364.00

3,320

219,872.00

Burundi

840

49,924.00

840

49,924.00

Tanzania

40

2,512.00

40

2,512.00

Dem Rep of Congo

40

2,712.00

40

2,712.00

Mozambique

-

-

-

-

TOTAL

115,579

7,575,449.00

107,499

7,045,941.00

 (Inclusive of outlots from previous sales)

 

Good but irregular demand prevailed for the 138,321 packages (9,075,225 kilos) on offer with prices closely following quality and only 9.21% of the teas remained unsold.

The best BP1s available were well competed for and were a strong feature appreciating by up to USC44 while brighter categories gained USC2 to USC22 with medium types opening easier by up to USC6 but thereafter advanced by USC14 to USC48; lower medium sorts were steady to USC10 easier with plainer descriptions firm on last rates. Best PF1s in the market eased by USC26 with brighter types firm to USC31 dearer while mediums saw an irregular enquiry varying between firm to USC4 dearer to easier by USC6 to USC8 and some teas were neglected; lower medium sorts ranged between USC7 dearer to easier by up to USC3 where sold with plainer varieties firm to USC2 dearer although poorest were discounted. The best PDUSTs on offer gained USC4 while brighter varieties were firm to USC7 below last levels with medium sorts irregular especially at the start and ranged between USC10 to USC20 dearer to easier by up to USC12 towards the close. Lower mediums were about firm to USC3 easier while plainer descriptions met an irregular interest varying between USC20 dearer to easier by USC10. Best DUST1s available gained USC22 while brighter categories held steady to USC5 dearer but a few invoices eased with quality; medium sorts were firm to USC2 easier where sold with lower mediums irregular and varied between USC8 above last prices to easier by up to USC2. Plainer varieties were irregular varying between USC36 dearer to easier by up to USC6.

In the Secondary Catalogues BPs were firm with PFs firm to dearer. Clean well sorted coloury Fannings lost value while similar DUSTs were steady. Other Fannings were irregular while similar DUSTs eased. BMFs were well absorbed.

 

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

 

 

 

 

CTC QUOTATIONS

BP1 USC

PF1 USC

PD USC

D1 - USC

Best

332 494

325 405

365 468

380 442

Good

332 364

336 366

370 390

378 408

Good Medium

306 374

322 368

350 396

320 406

Medium

246 306

260 321

286 318

259 323

Lower Medium

175 240 

177 267

232 288

249 288

Plainer

170 250

165 242

210 280

190 280