MONTHLY REVIEW

 

A Review Of The Kenya Crop & The Mombasa Market: August, 2017

 

 

O F F E R E D

S O L D*

AVERAGE

2 0 1 7

Packages

Kilos

Packages

Kilos

US$

Kenya

347,442

23,133,402.00

321,169

21,415,361.50

$2.90

Uganda

70,100

4,006,600.00

65,961

3,766,063.00

$1.90

Rwanda

19,520

1,320,578.00

16,480

1,113,700.00

$3.22

Tanzania

12,420

681,698.00

11,360

622,128.00

$1.88

Ethiopia

3,839

160,593.00

3,839

160,182.00

$0.78

D R of Congo

80

5,130.00

80

5,128.00

$1.94

Burundi

13,720

875,969.00

11,320

725,165.00

$2.90

TOTAL

467,121

30,183,970.00

430,209

27,807,727.50

$2.74

 

2 0 1 6

Packages

Kilos

Packages

Kilos

US$

Kenya

431,244

28,725,276.00

379,016

25,253,755.00

$2.31

Uganda

96,228

5,496,252.00

84,617

4,808,866.00

$1.55

Rwanda

23,300

1,544,257.00

20,200

1,343,732.50

$2.50

Tanzania

4,200

201,093.00

3,980

189,807.50

$1.23

D R of Congo

540

34,328.00

220

14,444.00

$1.65

Mozambique

3,548

173,167.00

3,015

147,730.00

$1.12

Burundi

22,580

1,442,700.00

15,640

1,003,092.00

$1.92

TOTAL

581,640

37,617,073.00

506,688

32,761,427.00

$2.19

 (Incl of outlots from previous sales)

 

 

 

The crop figure for the month of July, 2017 has been announced at 31,565,428 kgs showing an increase of 2,060,842 kgs (6.98%) over the same month in 2016. The cumulative figure now stands at 232,478,171 kgs – 47,617,954 kgs (17.00%) below the similar period last year.

West of the Rift:   Kericho – cold cloudy conditions reported in the mornings during the first week followed by intermittent short sunny spells with afternoons generally cold and recorded light scattered showers while warm sunny conditions were experienced in the mornings with cloudy and wet afternoons; rainfall of 64.5mm and 40.1mm was recorded the second and third weeks respectively. In the final week, colder weather was experienced in the mornings with moderate sunny spells during the days and cloudy afternoons recording precipitation of 47.6mm. Bomet – the first week saw good rainfall of 28mm but waned to 14mm the following week with only scattered showers during the third week; conditions turned to drier weather in the final week. Nyamira and Kisii – good rainfall of 26mm, 35mm, 32mm and 36mm was recorded in the four weeks respectively.

Temperatures – averaged maximum of 22°C and minimum of 11°C in the month.

Crop – seasonally low due to much colder conditions.

-Nandi – rainfall of 35mm(weekly total 484.3mm), 41mm(weekly total 577.3mm), 21mm(weekly total 298.9mm) and 24mm(weekly total 333mm) was recorded in the four weeks respectively.

Temperatures – averaged at highs of 25°C and lows of 9°C during the period.

Crop – seasonally low following much colder weather.

-East of the Rift  – Kiambu – 20mm rainfall was received in the first week and waned to 12mm and 6mm in the second and third weeks respectively with only a few scattered showers in the final week.  Muranga/Nyeri/Kirinyaga – precipitation of 28mm and 31mm was reported in the first two weeks respectively but reduced to only 2mm in the third week with only scattered showers in the final week.  Aberdares range of Mountains – in the first week 35mm rainfall was recorded which declined to 15mm the following week and only 3mm was received in the third week; only scattered showers were experienced in the final week. Embu/Meru – 10mm of precipitation was recorded in the first week, increasing to 30mm the following week; however, Meru experienced drier weather conditions in the third week and Embu reported only a few scattered showers; both areas were dry apart from a few scattered showers in the fourth week.

Temperatures – averaged maximum of 24°C and minimum of 14°C during the month.

Crop – seasonally low due to colder weather conditions.

EAST USAMBARAS – TANZANIA:  Cold and windy conditions were experienced in the first three weeks with rainfall gradually increasing from 9.2mm, 19.2mm and 37.2mm in the three weeks respectively. In the fourth week cold weather conditions were reported with precipitation of 13mm recorded.

Temperatures – averaged highs of 25°C and lows of 15°C during the month.

Crop – maintained except in the second week which showed a slight drop.

WESTERN UGANDA: Hoima – 11mm rainfall was recorded in the first week, increasing to 18mm and 35mm in the next two weeks but waned to 22mm in the final week. Kibale – precipitation of 49mm, 75mm, 31mm and 35mm was received in the four weeks respectively. Fort Portal – more rainfall of 93mm was recorded in the first week but waned to 63mm the following week with only 2mm in the third week but recorded 32.5mm in the fourth week. Bushenyi – more precipitation of 65mm, 71mm and 69mm was reported in the first three weeks respectively but received only 24mm in the fourth week.

Temperatures:  averaged maximum of 29°C and minimum of 18°C in the month.

Crop:  a slight increase recorded in the first fortnight but thereafter took a slight dip.

Four sales were held during the month where a total of 430,209 packages were sold at an average price of US$2.74 comparative figures for the same month last year were 506,688 packages sold at an average price of US$2.19.

 

Most markets were participating and demand improved for most varieties especially good liquoring teas and lower medium/plainer category PDUST's/DUST1's and the latter were a strong feature and saw brisk competition. However, the re-scheduling of Sale 32 destabilised activity momentarily.

Good general demand prevailed for the 116,082 packages (7,525,278kilos) in the market. 12.42% of the teas however remained unsold in the first week of the month. The best BP1s on offer gained up to USC6 with brighter categories appreciating by USC4 to USC14 while mediums were irregular varying between USC4 dearer to easier by USC8 to USC20; lower medium descriptions saw an irregular interest ranging between USC8 dearer to easier by a similar margin with plainer types discounted by USC6 to USC14. Best PF1s available were steady with brighter varieties easing by USC6 to USC14 and some lines were neglected while mediums shed USC6 to USC20 with a few invoices unsold. Lower mediums were about firm to USC18 below last prices with plainer descriptions barely firm to USC4 easier. The best PDUSTs available held value while brighter sorts met better absorption at firm to USC18 dearer with mediums irregular and varied between USC4 to USC10 above previous levels to easier by USC12 to USC20; lower mediums were firm with plainer categories firm to USC2 dearer but some teas eased by the same rate. Best DUST1s in the market shed up to USC8 with brighter varieties declining by USC6 to USC12 while mediums were barely firm to USC6 easier but a few improved invoices gained up to USC3; lower mediums appreciated by USC2 to USC8 while plainer teas held firm to USC4 below last prices.

In the next sale there was improved demand for the 109,583 packages (7,112,977kilos) on offer particularly lower medium and plainer dust grades. Only 10.07% were neglected. Best BP1s available shed up to USC13 while brighter sorts saw an irregular interest varying between USC4 dearer to easier by up to USC10 with medium varieties ranging between firm to USC6 dearer to easier by up to USC22; lower mediums lost USC3 to USC12 and a few lines were unsold with plainer descriptions easing by USC4 to USC10 where sold. The best PF1s in the market were firm while brighter categories met better absorption at firm to USC10 dearer with mediums irregular and ranged between firm to USC8 above last rates to easier by up to USC4. Lower mediums were irregular varying between USC6 dearer to easier by up to USC18 while plainer types depreciated by USC2 to USC6. Best PDUSTs on offer advanced by USC10 with brighter varieties varying between firm rates to easier by up to USC5 while mediums were firm to USC12 above last levels closely following quality; lower mediums met improved activity at steady to USC18 above previous prices while plainer types saw strong competition at USC8 to USC34 dearer especially towards the close.  The best DUST1s in the market shed up to USC17 while brighter categories appreciated by USC6 to USC10 although a few teas eased by USC4 with mediums irregular and varied between firm to USC28 dearer to easier by up to USC4; lower mediums opened at USC4 dearer advancing further by up to USC14 towards the close with plainer descriptions well competed for at USC8 to USC36 dearer.

Good but irregular demand prevailed for the 117,356 packages (7,570,918kilos) on offer and 11.21% of the teas were unsold in the following week. The best BP1s in the market met strong competition and gained up to USC30 with brighter categories irregular and varied between firm to USC10 dearer following quality to easier by up to USC4 while medium sorts saw an irregular enquiry ranging between USC2 to USC8 dearer to easier by a similar level where sold. Lower mediums were firm to USC10 dearer while plainer descriptions were steady to USC7 above last prices. Best PF1s available appreciated by up to USC8 with brighter varieties irregular varying between USC12 dearer to easier by USC2 to USC8; mediums were barely firm to USC10 easier and some lines remained unsold. Lower medium PF1s eased by USC4 to USC6 with plainer sorts discounted by USC5 to USC8. The best PDUSTs in the market shed up to USC18 while brighter categories saw an irregular interest and ranged between USC5 dearer to easier by USC6 to USC15 where sold with mediums firm to USC8 easier and some invoices remained unsold; lower mediums met an irregular competition ranging between USC5 dearer to easier by up to USC8 with plainer varieties depreciating by USC4 to USC12. Best DUST1s on offer held firm with brighter types advancing by USC2 to USC10 while mediums were irregular varying between firm to USC9 dearer to easier by up to USC20 and more; lower mediums were well absorbed at USC6 to USC8 below last rates while plainer categories varied between USC6 dearer to easier by USC8.

There was good but irregular demand for the 124,100 packages (7,974,797kilos) on offer with 11.89% neglected in the last sale of the month. Best BP1s available shed up to USC11 while brighter descriptions saw an irregular enquiry ranging between firm to USC4 dearer to easier by up to USC10 with mediums gaining USC2 to USC10 but a few lines were unsold on account of make; lower mediums were firm to USC4 below last prices with plainer varieties better absorbed at USC2 to USC10 dearer. The best PF1s in the market eased by USC14 while brighter sorts shed USC2 to USC20 and a few invoices were neglected with mediums steady to USC7 above last rates but poorest were unsold. Lower medium PF1s held firm to USC2 easier while plainer types were steady. Best PDUSTs on offer saw improved interest gaining USC12 with brighter categories appreciating by USC4 to USC15 while mediums were USC4 to USC11 dearer but a few lines were discounted with quality; lower mediums were a strong feature advancing by USC6 to USC16 while plainer varieties were well competed for and gained USC6 to USC24. The best DUST1s in the market were firm while brighter categories gained up to USC5 with mediums irregular and varied between USC7 dearer to easier by USC2 to USC20; lower mediums saw strong competition at USC6 to USC16 dearer with plainer types better absorbed at USC8 to USC26 above last weeks prices.

In the Secondary Catalogues BPs were easier in the first week but firmed in the remaining weeks with dearer tendencies in the third week while PFs appreciated. Clean well sorted coloury Fannings advanced while similar DUSTs gained. Other Fannings appreciated while similar DUSTs were dearer. BMFs were well absorbed at dearer levels.

Yemen and other Middle Eastern countries lent strong and useful support while Pakistan Packers maintained strong activity throughout the month but operated at lower levels in the closing week. Egyptian Packers showed useful activity and were largely dominant on PDUST’s and DUST1’s while Afghanistan lent useful and more interest in the first two weeks but operated at lower levels in the opening auction and were less active in the remaining weeks. Kazakhstan and other CIS states maintained activity in the first two sales and thereafter lent more interest with reduced purchases from Bazaar in the opening week but showed more activity in the remaining sales. Russia maintained purchases but were less active at the start with Sudan maintaining enquiry in the first two auctions and thereafter lent more support. Activity from UK was irregular lending more interest in Sales 31 and 33 but reduced enquiries and were very selective with Iran only active in the  first week but made fewer purchases in the rest of the month. Somalia showed more and strong activity at the lower end of the market.

 

 

C T C QUOTATIONS – Opening (italics) & Closing Sales

CATEGORY

BP1 – USC

PF1 – USC

PDUST – USC

DUST1 – USC

Best

303–420

300–426

350–442

353–436

395–430

400–434

384–430

386–436

Good

310–354

300–360

350–387

348–377

398–430

405–430

382–398

395–412

Good Medium

300–348

275–360

314–379

325–374

388–430

392–422

363–400

340–407

Medium

260–298

255–327

260–331

257–326

350–320

250–326

230–324

229–316

Lower Medium

180–250

180–242

198–250

175–248

215–244

236–261

228–246

242–258

Plainer

160–240

164–240

166–254

150–244

172–240

230–254

170–240

238–254