MONTHLY REVIEW

 

A Review Of The Kenya Crop & The Mombasa Market: January, 2018

 

 

O F F E R E D

S O L D*

AVERAGE

2 0 1 8

Packages

Kilos

Packages

Kilos

US$

Kenya

623,566

41,175,426.00

590,231

39,102,444.80

$2.96

Uganda

139,687

7,913,060.00

126,684

7,114,190.00

$1.81

Rwanda

37,899

2,561,336.00

33,799

2,299,990.00

$3.33

Tanzania

27,740

1,531,342.00

21,860

1,174,806.00

$1.85

Ethiopia

1,900

93,906.00

1,840

90,209.00

$1.91

D R of Congo

740

45,848.00

400

24,568.00

$1.87

Mozambique

1,060

63,676.00

1,060

63,676.00

$1.40

Burundi

13,580

859,390.00

12,700

806,994.00

$2.97

TOTAL

846,172

54,243,984.00

788,574

50,676,877.80

$2.78

 

2 0 1 7

Packages

Kilos

Packages

Kilos

US$

Kenya

528,503

35,099,444.00

491,089

32,673,242.50

$3.04

Uganda

105,594

6,012,745.00

101,393

5,769,682.00

$1.68

Rwanda

37,239

2,500,900.50

32,798

2,209,086.50

$3.12

Tanzania

6,220

303,241.00

5,900

283,954.50

$1.44

Ethiopia

360

20,376.00

360

20,108.00

$2.36

D R of Congo

800

47,056.00

600

35,876.00

$1.79

Burundi

14,916

949,084.00

11,178

717,364.00

$3.03

TOTAL

693,632

44,932,846.50

643,318

41,709,313.50

$2.84

 (Incl of outlots from previous sales)

 

 

The crop figure for the month of December, 2017 has been announced at 47,506,633 kgs showing an increase of 2,403,223kgs (5.33%) over the same month in 2016. The cumulative figure now stands at 439,857,739 kgs 33,153,584 kgs (7.01%) below the similar period last year.

 

KENYA:  West of the Rift:   - Kericho generally warm/sunny mornings with cloudy afternoons experienced throughout the month; drier weather conditions reported in the first week with rainfall of 24.8mm and 28.6mm recorded in the second and third weeks respectively whereas precipitation waned in the fourth and fifth weeks receiving only 6.1mm and 10.4mm respectively. Bomet in the first week conditions were dry apart from some showers while the following week remained dry; weather conditions changed thereafter reporting some rain at 18mm, 13mm and 12mm in the remaining three weeks respectively. Nyamira and Kisii 11mm rainfall was received in the first week with conditions changing to only a few scattered showers the following week; precipitation of 21mm, 29mm and 28mm was however recorded in the next three weeks respectively.

Temperatures averaged maximum of 22C and minimum of 10C in the five weeks.

Crop levels high in the first two weeks but thereafter have declined due to drier weather conditions.

-Nandi only a few scattered showers received in the first week with 15mm rainfall(weekly total 205.6mm) received the following week but waned to 8mm(weekly total 116.1mm) in the third week; weather conditions generally drier in the fourth week with only a few scattered showers but some rainfall of 31mm(weekly total 434.2mm) was recorded in the final week.

Temperatures averaged highs of 27C and lows of 9C during the month. 

Crop  levels high in the first fortnight but thereafter declining with conditions drier.

-East of the Rift   Kiambu 13mm precipitation recorded in the opening week with only a few scattered showers the following week but conditions improved in the third week reporting 12mm rainfall which however waned to 7mm in the fourth week and drier weather conditions prevailed in last week. Muranga/Nyeri/Kirinyaga only a few scattered showers reported in the first two weeks with rainfall of 6mm, 9mm and 21mm received in the remaining weeks respectively. Aberdares range of Mountains   only a few scattered showers reported in the first fortnight with some precipitation of 10mm received in the third week but conditions were drier in the last two weeks. Embu/Meru a few scattered showers recorded in the first week with drier weather conditions in the next two weeks. Embu was dry in the fourth and fifth weeks while Meru received some scattered showers in the fourth week but recorded 11mm rainfall in the final week.

Temperatures averaged maximum of 25C and minimum of 15C during the month.

Crop levels high in the first two weeks but declining with drier weather conditions.

EAST USAMBARAS TANZANIA: dry and overcast conditions experienced during the first week with the following week reporting 47.25mm precipitation but conditions were overcast in the third week with much reduced rainfall of 12.4mm; the fourth and fifth weeks experienced overcast but drier weather conditions.

Temperatures  averaged highs of 32C and lows of 18C in the month.

Crop low except second and third weeks which show improvement.

WESTERN UGANDA:  Hoima experienced drier weather conditions throughout the month. Kibale precipitation of only 8.7mm was recorded in the first week but the weather took a turn and drier conditions prevailed over the next three weeks; 41mm rainfall was received in the final week.  Fort Portal reported drier weather conditions with the exception of the last week which recorded 8mm rainfall. Bushenyi in the first week precipitation of 35mm was recorded but conditions turned drier over the next two weeks with minimal rain in the remaining weeks

Temperatures:  averaged maximum of 29C and minimum of 17C during the period.

Crop:  low.

Five sales were held during the month where a total of 788,574 packages were sold at an average price of US$2.78 comparative figures for the same month last year were 643,318 packages sold at an average price of US$2.84.

 

Traditionally, the first auction of the year reflected brisk buying with improving but irregular demand prevailing in view of reducing availability of volumes and quality due to drier weather.

 

In the first sale of the year good but irregular demand prevailed for the 170,046 packages (10,904,220kilos) on offer; 9.10% were neglected. The best BP1s available were irregular ranging between USC30 dearer to easier by up to USC14 with brighter descriptions advancing by up to USC30 but opened firm to USC10 easier while medium varieties met improved competition gaining up to USC30; lower mediums were irregular ranging between USC2 to USC18 dearer as the sale progressed but opened up to USC14 below last levels. Plainer sorts saw an irregular enquiry varying between firm to USC12 above previous prices to easier by up to USC10. Best PF1s on offer shed USC8 to USC14 while brighter varieties eased by USC2 to USC12 with medium categories firm to USC18 below previous levels; lower mediums met an irregular interest and ranged between USC2 to USC20 dearer to easier by a similar rate. Plainer types gained up to USC24. The best PDUSTs available were USC5 to USC15 easier while brighter categories were irregular and varied between firm to USC10 dearer to easier by up to USC12 with medium sorts irregular varying between USC10 to USC20 dearer to easier by up to USC14; lower mediums were firm to USC22 dearer while plainer varieties were irregular ranging between firm to USC14 dearer to easier by up to USC6. Best DUST1s in the market eased by USC5 while brighter types saw an irregular activity and varied between firm to USC10 dearer to easier by up to USC8 with medium descriptions well competed for and advanced by USC4 to USC20. Lower medium varieties appreciated by up to USC12 with plainer sorts USC6 to USC10 above last levels but poorest lost value.

Improved general demand for the 165,476 packages (10,624,499kilos) in the market; 10.16% remained unsold in the following week. Best BP1s in the market appreciated by up to USC36 while brighter varieties met an irregular enquiry and varied between firm to USC30 dearer to easier by up to USC34 and some lines were neglected with medium descriptions better absorbed and advanced by USC12 to USC28 but a few lines lost value. Lower medium categories were firm to USC14 above last prices with a few improved invoices gaining further following quality but poorer teas were discounted by up to USC17 while plainer types were discounted by up to USC20. The best PF1s available advanced by USC8 to USC22 with brighter sorts firm to USC14 dearer while medium varieties were firm to USC15 above previous levels; lower medium types appreciated by USC10 to USC24 but a few invoices eased with quality and some teas remained unsold while plainer descriptions were irregular varying between USC2 to USC12 dearer to easier by up to USC10. Best PDUSTs on offer gained USC20 with brighter categories ranging between firm to USC12 dearer to easier by up to USC14 while medium categories appreciated by USC2 to USC32 but a few invoices shed up to USC4. Lower medium PDUSTs were mostly firm to USC14 dearer but a few poorer lines were discounted on account of quality with plainer sorts irregular and ranged between firm to USC6 dearer to easier by up to USC20. The best DUST1s available gained USC5 to USC15 with brighter varieties irregular ranging between firm to USC10 dearer to easier by USC2 to USC14 while medium types varied between firm to USC12 dearer to easier by USC6; lower medium sorts ranged between steady to USC14 dearer to easier by up to USC20. Plainer categories appreciated by USC6 to USC10 but poorest were difficult of sale and discounted where sold.

Good and improved general demand for the 179,439 packages (11,385,435kilos) on offer closely following quality. 9.96% were neglected during the third week. The best BP1s available appreciated by up to USC18 with brighter categories irregular and ranged between firm to USC8 dearer to easier by up to USC20 while medium sorts were irregular varying between firm to USC22 dearer to easier by a similar margin. Lower mediums saw an irregular interest ranging between USC6 to USC24 below last prices but improved lines were well competed for gaining USC6 to USC20 with plainer descriptions mostly easier by USC8 to USC12 and some teas were unsold but a few select improved lines gained up to USC20. Best PF1s in the market saw more competition appreciating by USC8 to USC28 while brighter varieties gained USC8 to USC14 with medium categories advancing by USC2 to USC14; lower mediums were irregular varying between firm to USC24 dearer to easier by up to USC15. Plainer types were a weak feature and met less enquiries and shed up to USC20 but a few improved invoices gained up to USC14. The best PDUSTs on offer gained USC22 while brighter varieties were firm to USC12 dearer with medium sorts irregular ranging between firm to USC20 above previous levels to easier by up to USC16; lower mediums varied between firm to USC10 dearer to easier by a similar rate with some teas remaining unsold. Plainer categories ranged between firm to USC4 dearer while improved lines gained further with quality but others were difficult of sale and discounted by USC5 to USC11 where sold.  Best DUST1s on offer eased marginally while brighter varieties saw an irregular enquiry varying between USC7 dearer to mostly easier by up to USC6 with medium categories firm to USC18 dearer. Lower mediums varied between firm to USC10 dearer to easier by up to USC30 while plainer sorts advanced by USC2 to USC16 but plainest were difficult of sale.

Further improved and good demand for the 168,677 packages (10,851,518kilos) available with prices closely following quality and only 8.52% remained unsold in the fourth week. Best BP1s in the market appreciated by up to USC38 while brighter varieties were irregular ranging between firm to USC20 dearer to easier by up to USC12 with medium categories firm to USC13 dearer; lower medium types met improved enquiry gaining USC4 to USC30 but poorer sorts lost value. Plainer categories were USC8 to USC15 above last prices and plainest were discounted by up to USC10 with some lines remaining unsold. The best PF1s available saw improved interest gaining USC20 with brighter types irregular varying between USC10 to USC18 dearer to easier by up to USC4 while medium varieties held firm to USC14 above previous rates. Lower medium sorts were irregular varying between firm to USC22 dearer to easier by up to USC10 while plainer categories advanced by USC2 to USC16. Best PDUSTs on offer shed up to USC16 with brighter descriptions irregular ranging between firm to USC8 dearer to easier by USC16 while medium varieties gained USC2 to USC6; lower medium types saw an irregular interest and ranged between firm to USC6 dearer to easier by up to USC21 while plainer categories met improved competition at firm to USC20 dearer. The best DUST1s in the market were firm to USC10 dearer with brighter categories irregular varying between USC2 to USC12 dearer to easier by USC8 while medium descriptions ranged between USC2 to USC12 dearer to easier by a similar margin; lower medium sorts were irregular and varied between firm to USC30 dearer to easier by up to USC10. Plainer varieties were well competed for at USC4 to USC20 above last levels.

 

In the last sale of the month of January there was good demand for the 162,534 packages (10,478,312 kilos) on offer in line with quality; 9.31% was neglected. The best BP1s available met good interest appreciating by USC10 with brighter types irregular and varied between firm to USC14 dearer to easier by up to USC8 while medium sorts were well absorbed at firm to USC26 dearer; lower medium descriptions saw an irregular enquiry varying between firm to USC14 dearer to easier by a similar margin. Plainer varieties were a weak feature holding steady to USC23 below previous levels and some teas were unsold. Best PF1s on offer gained up to USC8 while brighter varieties saw less enquiry and shed USC2 to USC8 with medium descriptions irregular and ranged between firm to USC8 dearer to easier by USC4 to USC12; lower mediums were firm to USC22 above last prices but some teas eased by the same margin on account of quality. Plainer varieties were firm to USC8 dearer. The best PDUSTs in the market appreciated by USC18 while brighter categories shed USC2 to USC8 with mediums discounted by USC6 to USC11. Lower medium descriptions were firm to USC15 dearer with plainer types well competed for at firm levels. Best DUST1s on offer eased by up to USC11 while brighter categories were steady to USC8 dearer but a few invoices shed up to USC2 with medium types firm to USC11 easier; lower medium categories met an irregular interest varying between firm to USC5 dearer to easier by USC2 to USC8. Plainer sorts met an irregular activity ranging between firm to USC20 dearer to easier by up to USC2 with poorer lines remaining unsold.

In the Secondary Catalogues BPs were steady in the opening week and firm to dearer the following week; generally appreciated in the remaining auctions. PFs gained and were firm in the first sale. Clean well sorted coloury Fannings held value in the first week, appreciating in the next three weeks but saw irregularly firm tendencies in the final sale; similar DUSTs advanced throughout the month. Other Fannings were irregularly firm in the first week, holding firm to dearer the following week and were steady in the remaining three weeks; similar DUSTs were steady throughout the month but appreciated in Sale 2. BMFs were well absorbed at firm levels.

Pakistan Packers were strong and dominant while Egyptian Packers, Yemen and other Middle Eastern countries lent strong and useful support but the latter reduced interest in the last week. Afghanistan showed more enquiries but interest waned in the first and last sale. There was increased interest from Bazaar but showed less activity at the start. UK maintained interest but were selective while Kazakshtan and other CIS nations maintained enquiry which waned  in the last week. Russia and Sudan were active but the latter were more selective in Sale 2. Iran were operating. Somalia continued quite active at the lower end of the market in the first three weeks but reduced activity in the last two sales.  

 

C T C QUOTATIONS Opening (italics) & Closing Sales

CATEGORY

BP1 USC

PF1 USC

PDUST USC

DUST1 USC

Best

290 400

312 512

315 378

344 444

340 374

340 416

350 415

350 415

Good

275 388

300 342

310 346

332 360

340 371

340 356

332 370

352 368

Good Medium

280 364

305 396

305 334

313 364

338 356

335 350

334 370

330 366

Medium

230 342

290 325

260 304

280 320

290 352

300 331

275 346

310 347

Lower Medium

168 234

165 276

170 280

174 290

200 298

184 309

220 300

200 310

Plainer

158 212

130 207

160 236

140 262

160 266

150 290

150 264

155 288