MONTHLY REVIEW

 

         

         

              

A Review Of The Kenya Crop & The Mombasa Market:  April, 2019

 

 

O F F E R E D

S O L D*

AVERAGE

2 0 1 9

Packages

Kilos

Packages

Kilos

US$

Kenya

582,143

38,715,490.00

532,278

35,463.068.00

$2.25

Uganda

145,919

8,311,276.00

128,149

7,251,081.00

$1.12

Rwanda

41,100

2,829,099.00

36,080

2,480,781.00

$2.67

Tanzania

39,980

2,157,257.00

35,098

1,820,137.50

$1.15

Malawi

840

44,796.00

40

2,396.00

$1.80

Ethiopia

2,045

103,891.00

1,541

80,039.00

$1.39

Mozambique

520

24,736.00

520

24,736.00

$0.67

Burundi

14,521

943,211.00

13,261

862,330.00

$2.20

TOTAL

827,068

53,129,756.00

746,967

47,984,568.50

$2.06

 

2 0 1 8

Packages

Kilos

Packages

Kilos

US$

Kenya

510,958

34,418,472.00

457,179

30,949,467.00

$2.66

Uganda

87,205

4,937,268.00

80,112

4,496,480.00

$1.69

Rwanda

41,017

2,777,002.00

33,655

2,284,893.00

$2.82

Tanzania

33,467

1,896,079.00

31,003

1,754,216.00

$1.82

Ethiopia

1,400

53,120.00

1,400

52,605.00

$1.31

D R of Congo

1,120

73,308.00

700

46,248.00

$1.61

Mozambique

2,239

109,405.00

1,776

82,963.00

$1.40

Burundi

16,111

1,008,437.00

14,200

898,792.00

$2.63

TOTAL

693,517

45,273,091.00

620,025

40,565,664.00

$2.52

 (Incl of outlots from previous sales)

 

 

The crop figure for the month of March, 2019 has been announced at 26,461,703 kgs showing a decrease of 4,525,123 kgs(14.60%) over the same month in 2018. The cumulative figure now stands at 106,293,250 kgs 6,532,883 kgs (6.55%) above the similar period last year.

KENYA

Kericho  the first week reported warm days and rainfall recorded at 25.2mm with one estate experiencing hail damage and precipitation declined to 7.6mm the following week but with increased sunny mornings; in the third week sunny conditions prevailed in the mornings followed by partly cloudy afternoons and 18.6mm rainfall recorded. The fourth week experienced sunny intervals in the mornings followed by partly overcast afternoons and rainfall was reported at 13.8mm while the fifth week experienced sunny conditions in the morning followed by afternoon showers and a deluge recorded at 164.4mm. Bomet precipitation was recorded at 16mm, 21mm, 8mm, 35mm and 52mm in the five weeks respectively.  Nyamira and Kisii in the first week rainfall was reported at 14mm increasing to 18mm the following week but waned to 11mm in the third week; precipitation increased to 28mm and 63mm in the fourth and fifth weeks respectively.

Temperatures averaged maximum of 25C and minimum of 11C during the period.

Crop low.

-Nandi  Rainfall was reported at 7.8mm(weekly total 109mm) in the first week with only a few scattered showers in the next two weeks but precipitation of 18.1mm (weekly total 253.4mm) was recorded in the fourth week and increased to 72.9mm(weekly total 1020.4mm) in the last week.

Temperatures averaged highs of 30C and lows of 10C in the five weeks.

Crop low.

-East of the Rift: - Kiambu experienced drier weather conditions in the first week but reported precipitation of 11mm and 10mm in the second and third weeks respectively; 26mm and 66mm was experienced in the fourth and final week respectively. Muranga/Nyeri/Kirinyaga only 6mm and 4mm precipitation was recorded in the first two weeks respectively with conditions drier in the third week; there was more rainfall recorded at 37mm and 49mm in the fourth and fifth weeks respectively.  Embu/Meru rainfall was reported at 16mm and 15mm in the first two weeks respectively with only a few scattered showers in the third week but more precipitation was experienced in the fourth week recording 104mm but waned to 79mm in the fifth week.

Temperatures averaged maximum of 24C and minimum of 15C during the month.

Crop low.

TANZANIA:  East Usambara rainfall of 55.3mm was recorded in the first week but waned to 40.5mm the following week with only 6.8mm received in the third week; more precipitation was reported in the fourth week recording 30.05mm but reduced to 7.9mm in the final week.

Temperatures  averaged maximum of 26C and minimum of 23C during the period.

Crop improved.

Southern Highlands precipitation was recorded at 33mm in the first week, waning to 14.5mm in the second week and increased to 49mm and 60mm in the third and fourth weeks respectively; 17mm was recorded in the last week.

Temperatures averaged maximum of 22C and minimum of 12C in the five weeks.

Crop improving.

WESTERN UGANDA: -  Hoima in the first week rainfall was reported at 15mm with 11mm and 16mm recorded in second and third weeks respectively; 24mm and 26mm was received in the fourth and fifth weeks respectively.  Kibale precipitation was recorded at 41mm, 16mm, 23mm, 28mm and 24mm in the five weeks respectively. Fort Portal rainfall reported at 54mm in the first week but waned to 40mm and 16mm in the second and third weeks respectively; precipitation increased to 67mm in the fourth week but waned to 36mm in the final week. Bushenyi in the opening week precipitation was recorded at 54mm reducing to 31mm and 11mm in the second and third weeks respectively with more rainfall in the fourth and fifth weeks reported at 44mm and 43mm respectively.

Temperatures:  averaged maximum of 28C and minimum of 26C in the five weeks.

Crop:  low in the first week but recorded higher in and around Fort Portal in the next three weeks. Crop improved in Fort Portal, Hoima and Kibale but was lower in Bushenyi in the last week.

Five sales were held during the month where a total of 746,967 packages were sold at an average price of US$2.06 comparative figures for the same month last year were 620,025 packages sold at an average price of US$2.52.

 

The market opened bearish with the large weight of tea of irregular quality but with the growing conditions drying and volumes on offer declining, there was an inevitable upsurge in demand and prices which closely followed quality.

Fair general demand for the 172,295 packages (11,157,763 kilos) on offer at irregular rates with prices closely following quality.18.62% remained unsold in the opening sale. The best BP1s available eased by USC2 to USC60 with brighter types irregular by USC2 to USC20 below previous levels while medium varieties met an irregular enquiry ranging between USC8 dearer to easier by USC4 to USC10 with some invoices neglected. Lower medium sorts were steady to USC10 easier while plainer types varied between USC25 dearer to easier by up to USC16 with a few teas unsold. Best PF1s in the market held firm to USC2 dearer with brighter types irregular varying between USC8 dearer to easier by a similar level while mediums were irregular and ranged between USC2 to USC9 dearer to easier by up to USC10; lower medium categories varied between USC3 above last prices to easier by up to USC20 with poorest remaining unsold.  Plainer descriptions varied between USC8 dearer to easier by the same rate with many lines neglected. The best PDUSTs on offer shed USC5 to USC10 while brighter varieties held firm to USC5 easier with medium sorts irregular and ranged between USC2 to USC8 dearer to easier by up to USC6; lower mediums met an irregular interest varying between USC4 dearer to easier by up to USC20 with plainer sorts ranging between USC4 above previous rates to easier by up to USC24. Best DUST1s in the market held steady to USC2 easier with brighter types firm to USC6 below last prices while medium varieties saw an irregular activity varying between firm to USC24 dearer to easier by USC10 to USC24; lower mediums varied between USC2 dearer to easier by up to USC10 but plainer descriptions were discounted by USC2 to USC30.

There was improved general demand for the 173,514 packages (11,124,416 kilos) in the market and only 13.94% remained unsold in the next sale. Best BP1s on offer advanced by USC2 to USC18 while brighter varieties gained USC10 to USC25 with mediums appreciating by USC5 to USC68 and more following quality but a few invoices eased by up to USC8; lower medium categories held firm to USC4 above last prices with plainer descriptions irregular varying between USC4 dearer to easier by up to US40 and plainest were neglected. The best PF1s available appreciated by up to USC20 but a few lines eased with quality while brighter varieties saw an irregular enquiry ranging between USC4 dearer to easier by USC3 and some teas were unsold with medium sorts varying between USC3 to USC6 above previous rates to easier by up to USC3 where sold. Lower mediums were irregular and ranged between USC11 dearer to easier by up to USC10 while plainer types varied between USC6 dearer to easier by USC5. Best PDUSTs in the market were firm to USC9 dearer with brighter sorts irregular varying between USC2 above previous levels to easier by up to USC8 while medium categories met good interest gaining USC2 to USC14. Lower medium types were USC7 to USC10 dearer with plainer descriptions ranging between USC10 above last prices to easier by up to USC12 and poorest were unsold. The best DUST1s on offer appreciated by USC7 to USC8 while brighter categories gained USC5 to USC23 with mediums varying between firm to USC12 dearer to easier by up to USC6 and many lines remained without bids. Lower medium varieties ranged between USC10 dearer to easier by a similar margin while plainer categories gained USC4 to USC5 but plainest were difficult of sale.

Strong general demand for the 162,484 packages (10,436,927 kilos) on offer. 10.94% were however unsold. The best BP1s in the market met strong interest gaining USC14 to USC52 with brighter sorts irregular varying between USC8 dearer to easier by up to USC5 while medium categories ranged between USC15 above last levels to easier by USC2 to USC5. Lower mediums saw improved absorption appreciating by up to USC22 while plainer types were firm to USC4 easier with plainest difficult of sale. Best PF1s on offer were firm to USC12 dearer with brighter sorts advancing by USC5 to USC6 while medium varieties were irregular and varied between USC3 to USC5 dearer but a few invoices shed up to USC5 and some lines were unsold; lower mediums met better enquiry gaining up to USC10 with plainer descriptions steady to USC4 above previous rates. The best PDUSTs available gained up to USC20 but a few invoices eased with quality while brighter categories appreciated by USC8 to USC26 with mediums well-competed for at USC8 to USC26 dearer but a few teas lost up to USC2; lower medium varieties gained up to USC8 with some invoices unsold while plainer types were up to USC4 dearer where sold. Best DUST1s in the market gained USC5 with brighter sorts fully firm to USC25 easier while medium categories were steady to USC23 above previous prices; lower mediums saw strong interest appreciating by USC6 to USC42 and more with plainer descriptions USC8 to USC21 dearer but plainest were neglected.

There was very strong demand for the 155,300 packages (9,993,277 kilos) in the market and 9.99% remained unsold in the fourth week. Best BP1s available held firm to USC16 dearer while brighter varieties advanced by USC18 to USC32 with medium types gaining USC15 to USC38 above previous levels but a few invoices eased by up to USC13 and some lines were neglected; lower medium categories were up to USC4 dearer with plainer descriptions appreciating by USC25 to USC30 but plainest were neglected. The best PF1s in the market gained USC8 to USC16 while brighter varieties advanced by USC14 to USC18 with mediums appreciating by USC7 to USC20 and lower medium sorts were USC12 to USC20 dearer. Plainer categories appreciated by USC10 to USC12 but plainest were difficult of sale. The best PDUSTs on offer were USC16 to USC28 above last levels with brighter types well competed for at USC38 to USC50 dearer while medium sorts met useful support and  gained USC38 to USC62. Lower mediums met useful enquiry and appreciated by USC5 to USC30 with plainer descriptions well absorbed advancing by USC20 to USC26 but some lines remained without bids and plainest were neglected. The best DUST1s available saw better interest appreciating by USC12 to USC30 dearer while brighter categories met strong interest at USC32 to USC34 above previous rates with mediums gaining USC18 to USC48. Lower medium varieties were irregular varying between USC32 dearer to easier by up to USC42 and some teas were unsold towards the close while plainer sorts ranged between USC12 dearer to easier by up to USC31 with some teas remaining without bids towards the close.

Demand was very strong for the 163,475 packages (10,417,370 kilos) on offer and prices closely followed quality with easing tendency towards the close. 16.49% were unsold in the last sale of the month. The best BP1s in the market gained up to USC10 but a few lines eased with quality while brighter types were firm to USC10 below previous levels and a few invoices were neglected with medium categories steady to USC27 dearer. Lower mediums were firm to USC4 above last prices while plainer sorts saw better absorption gaining USC11 to USC23. Best PF1s on offer were steady to USC4 dearer with brighter types appreciating by USC11 to USC16 while medium varieties advanced by USC8 to USC14; lower  medium descriptions gained USC17 to USC22 while plainer sorts met improved interest and were USC22 to USC47 dearer but some teas were neglected towards the close. Best PDUSTs available were a strong feature appreciating by USC48 to USC56 while brighter types met strong competition gaining USC16 to USC82 with mediums strongly competed for and advanced by USC46 to USC84 although some teas shed up to USC18; lower medium categories were USC22 to USC24 above previous prices but a few teas remained unsold while plainer sorts were USC8 to USC24 dearer with some teas neglected towards the close. Best DUST1s in the market met strong interest advancing by USC22 to USC92 with brighter types USC32 to USC34 dearer while medium varieties appreciated by USC8 to USC30 with some teas easing by up to USC14; lower mediums were USC14 to USC22 dearer but a few lines were neglected towards the end with plainer descriptions appreciating by USC15 to USC41 but some invoices remained without bids towards the close.

In the secondary catalogues BPs were firm gaining in the last two weeks particularly best types were dearer in Sale 15. PFs were steady and appreciated in the final two auctions. Clean well sorted coloury Fannings appreciated while similar DUSTs were firm in the first three weeks and gained thereafter. Other Fannings were steady in Sales 14 and 15 and advanced in the remaining weeks while similar DUSTs were discounted in the first two sales but thereafter were dearer. BMFs were well absorbed.

Pakistan Packers lent more and strong support and were dominant throughout the month while Egyptian Packers showed strong and useful interest but operated at lower levels in the first two weeks and maintained activity in the fourth week with selective tendency towards the close in the final sale.  Afghanistan lent more useful enquiry and were strong in the last two weeks with Yemen and other Middle Eastern countries lending more and strong support but reduced activity in the first week while Kazakhstan and other CIS nations were more active with increased interest. There was improved participation from UK while Bazaar were quieter at the start of the month but thereafter showed more support with Sudan showing more interest but were selective in the opening week. Russia were quieter in the first week but lent more and useful interest in the remaining sales. Somalia was very active 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

210 460

240 510

242 322

284 349

225 318

330 422

228 305

304 352

Good

180 280

230 318

238 262

274 297

220 262

294 416

220 262

290 346

Good Medium

180 286

230 268

219 280

254 306

200 266

330 414

210 260

270 330

Medium

160 216

196 266

188 241

220 268

190 230

246 370

163 232

180 308

Lower Medium

106 230

136 260

080 217

117 272

060 238

104 308

110 238

132 300

Plainer

095 170

100 206

045 178

097 222

052 206

094 248

080 205

115 245