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 07 - 12TH & 13TH FEBRUARY, 2018

Offerings this week totaled 147,963 packages (9,564,299.00Kilos) against 116,361 packages (7,518,587.50kilos) 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

108,585

7,266,035.00

100,304

6,738,854.50

Uganda

24,760

1,385,849.00

22,820

1,269,032.00

Rwanda

6,500

437,934.00

5,420

366,615.00

Burundi

2,920

187,620.00

2,620

168,852.00

Tanzania

5,198

286,861.00

4,240

231,933.00

Dem Rep of Congo

-

-

-

-

Mozambique

-

-

-

-

Madagascar

-

-

-

-

Malawi

-

-

-

-

Ethiopia

-

-

-

-

TOTAL

147,963

9,564,299.00

135,404

8,775,286.50

Year 2017

 

 

 

 

Kenya

87,080

5,771,296.00

80,280

5,314,356.00

Uganda

18,561

1,060,966.00

17,101

975,018.00

Rwanda

7,100

477,625.50

6,180

417,662.00

Burundi

2,760

173,028.00

2,440

152,840.00

Tanzania

660

23,796.00

660

23,795.50

Dem Rep of Congo

200

11,876.00

200

11,876.00

Mozambique

-

-

-

-

Madagascar

-

-

-

-

TOTAL

116,361

7,518,587.50

106,861

6,895,547.50

 (Inclusive of outlots from previous sales)

 

There was fairly good general demand for the 147,963 packages (9,564,299 kilos) on offer but 11.60% were neglected.  

The best BP1s in the market eased by up to USC28 with brighter categories barely steady to USC14 easier while medium descriptions were firm to USC14 easier; lower mediums were irregular ranging between firm to USC12 dearer to easier by a similar margin with plainer varieties irregular and varied between USC6 dearer to USC4 below previous levels.  Best PF1s on offer shed up to USC12 while brighter sorts saw an irregular interest varying between firm to USC2 dearer to easier by up to USC7 with medium varieties well competed for at firm to USC18 above last levels. Lower medium types met more enquiries and advanced by up to USC35 but a few lines eased by USC3 while plainer descriptions were discounted by USC4 to USC8 but a few improved invoices gained with quality. The best PDUSTs available lost USC10 while brighter descriptions shed up to USC18 with medium varieties irregular varying between firm to USC5 dearer to easier by up to USC12; lower medium categories were irregular ranging between firm to USC4 dearer to easier by up to USC28. Plainer sorts held steady to USC6 above last prices. Best DUST1s on offer appreciated by USC8 while brighter categories eased by USC4 to USC14 with medium descriptions irregular ranging between firm to USC4 dearer to easier by USC10; lower medium sorts met good competition at steady to USC22 above last week’s rates while plainer varieties were firm to USC2 above last prices.

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

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

 

 

CTC QUOTATIONS

BP1 – USC

PF1 – USC

PD – USC

D1 - USC

Best

300 – 465

340 – 412

340 – 400

350 – 422

Good

300 – 335

335 – 356

340 – 348

345 – 358

Good Medium

299 – 360

320 – 356

336 – 346

338 – 360

Medium

290 – 312

284 – 324

304 – 338

304 – 344

Lower Medium

170 – 276

170 – 284

196 – 304

242 – 318

Plainer

138 – 218

136 – 254

150 – 287

170 – 288