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 - 18TH & 19TH SEPTEMBER, 2017

 

Offerings this week totaled 131,860 packages (8,589,806.00kilos) against 105,363 packages (6,801,861.00 kilos) 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

104,820

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

-

-

-

-

Malawi

-

-

-

-

Ethiopia

1,100

48,480.00

1,100

48,397.00

TOTAL

131,860

8,589,806.00

127,020

8,284,409.40

Year 2016

 

 

 

 

Kenya

79,640

5,295,091.00

75,220

5,010,792.00

Uganda

16,980

952,221.00

15,140

839,605.00

Rwanda

4,380

288,592.00

4,140

272,576.50

Burundi

3,080

195,810.00

2,600

165,016.00

Tanzania

-

-

-

-

Dem Rep of Congo

160

10,212.00

160

10,212.00

Mozambique

1,123

59,935.00

742

40,502.00

TOTAL

105,363

6,801,861.00

98,002

6,338,703.50

 (Inclusive of outlots from previous sales)

 

Strong general demand prevailed for the 131,860 packages (8,589,806kilos) available in the market with only 5.87% neglected.

The best BP1s on offer advanced by USC13 while brighter categories saw an irregular enquiry varying between firm to USC22 dearer to easier by similar levels with mediums better absorbed at USC2 to USC8 above previous rates but a few invoices shed by up to USC10 following quality where sold. Lower mediums were firm to USC11 dearer but poorest were discounted where sold with plainer descriptions gaining USC6 to USC12 while plainest lost value. Best PF1s in the market eased by up to USC10 while brighter types appreciated by USC3 to USC10 with medium varieties gaining USC4 to USC22; lower mediums were USC4 to USC12 above previous prices while plainer categories were well competed for at firm to USC4 dearer. The best PDUSTs available met strong enquiry advancing by up  to USC25 and substantially more with quality while brighter sorts were irregular and ranged between USC4 to USC7 dearer to easier by up to USC5; lower mediums gained USC4 to USC20  while plainer types were USC2 to USC4 above last rates. Best DUST1s on offer were upto USC17 dearer while brighter varieties met an irregular interest ranging between USC3 to USC6 dearer to easier by up to USC28 following quality; mediums varied between USC4 to USC26 dearer to easier by USC6. Lower mediums appreciated by USC6 to USC14 with plainer categories varying between USC8 dearer to easier by up to USC4.

In the secondary Catalogues BPs were firm while PFs were dearer. Clean well sorted coloury Fannings gained while similar DUSTs advanced further. Other Fannings were dearer and similar DUSTs appreciated. BMFs were readily absorbed at last levels.

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

 

CTC QUOTATIONS

BP1 USC

PF1 USC

PD USC

D1 - USC

Best

350 423

364 434

432 492

398 462

Good

330 391

355 390

417 438

380 428

Good Medium

290 386

332 386

410 442

410 428

Medium

257 336

272 330

265 330

275 337

Lower Medium

175 230

188 266

255 272

257 274

Plainer

171 230

164 257

242 270

249 266