MONTHLY REVIEW

 

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

 

 

O F F E R E D

S O L D*

AVERAGE

2 0 1 7

Packages

Kilos

Packages

Kilos

US$

Kenya

377,639

25,393,650.00

345,739

23,253,369.50

$3.14

Uganda

91,064

5,247,330.00

80,824

4,644,171.00

$1.80

Rwanda

28,560

1,937,968.00

24,840

1,682,528.00

$3.35

Madagascar

360

19,952.00

280

15,640.00

$1.63

Tanzania

17,400

936,600.00

16,200

859,216.00

$1.65

D R of Congo

1,800

105,960.00

1,600

92,908.00

$1.56

Mozambique

3,199

169,290.00

2,819

143,854.00

$1.36

Burundi

14,740

950,337.00

12,900

835,233.00

$2.84

TOTAL

534,762

34,761,087.00

485,202

31,526,919.50

$2.89

 

2 0 1 6

Packages

Kilos

Packages

Kilos

US$

Kenya

442,574

29,798,124.50

416,577

28,027,544.00

$2.41

Uganda

86,351

4,981,798.00

78,188

4,482,925.00

$1.47

Rwanda

22,480

1,505,593.00

21,097

1,409,926.50

$2.57

Madagascar

420

22,100.00

340

17,788.00

$1.32

Tanzania

8,287

414,617.00

7,707

382,072.50

$1.16

D R of Congo

960

56,440.00

620

36,040.00

$1.61

Mozambique

2,829

169,390.00

1,751

102,429.00

$1.36

Burundi

15,420

982,985.00

13,860

889,211.00

$2.08

TOTAL

579,321

37,931,047.50

540,140

35,347,936.00

$2.27

 (Incl of outlots from previous sales)

 

 

 

The crop figure for the month of May, 2017 has been announced at 38,822,246 million kilos against 37,202,458 million kilos recorded over the same month in 2016. The cumulative figure now stands at 160,374,825 million kilos 54,345,032 million kilos below the similar period last year.

West of the Rift:   Kericho conditions generally reported cold mornings in the first week with warm sunny spells during the day followed by cloudy and wet afternoons, received 75.6mm rainfall while in the following week weather reported slightly warmer days with reduced precipitation of 42.9mm; conditions were colder in the mornings and evenings in the third week with cloudy afternoons and 26.5mm rainfall was recorded. Generally colder mornings with some afternoon light rains recorded at 8.6mm was experienced in the last week. Bomet 13mm and 11mm rainfall was recorded in the first two weeks respectively with weather conditions reported drier in the third week and received only scattered showers in the closing week. Nyamira and Kisii precipitation of 28mm, 19mm, 22mm and 21mm was recorded in the four weeks respectively with conditions generally colder in the evenings and nights.

Temperatures averaged maximum of 22C and minimum of 11C during the month.

Crop declined.

-Nandi received less rainfall recorded at 18mm(weekly total 254.3mm) in the first week but waned to 5mm(weekly total 72.3mm) the following week with slightly more precipitation of 31mm(weekly total 440.1mm) in the third week; 8mm (weekly total 114.1mm) fell in the closing week.

Temperatures highs of 25C and lows of 9C in the four weeks.

Crop  low.

-East of the Rift    Kiambu reported only scattered showers in the first three weeks with 11mm precipitation recorded in the last week. Muranga/Nyeri/Kirinyaga reduced precipitation recording at 3mm, 5mm, 3mm and 3mm respectively in the four weeks. Aberdares range of Mountains only 4mm rainfall was received in the first three weeks which waned to only 2mm in the last week. Embu/Meru experienced drier weather conditions but Embu recorded 9mm rainfall in the third week and only scattered showers in the fourth week.

Temperatures averaged maximum 25C and minimum 15C in the month.

Crop show a dip.

EAST USAMBARAS TANZANIA:  27mm rainfall was recorded in the first week, reducing to 14mm the following week with warmer weather conditions experienced during the day in the third week and 21mm was recorded; only 11mm was received in the closing week.

Temperatures   averaged highs of 27C and lows of 16C in the four weeks.

Crop low.

WESTERN UGANDA: Hoima 19mm rainfall was recorded in the first week, increasing to 49mm the following week but waned to 36mm in the third week, reducing further to 6mm in the final week. Kibale irregular rainfall patterns reported with precipitation of 53mm, 32mm, 54mm and 26mm in the four weeks respectively. Fort Portal in the first week 39mm rainfall was recorded but waned to 7mm the following week; thereafter gradually increased to 15mm and 19mm in the final two weeks respectively. Bushenyi experienced drier weather conditions with precipitation of 14mm received only in the second week.

Temperatures:  averaged maximum of 30C and minimum of 18C during the month.

Crop:  maintained.

Four sales were held during the month where a total of 485,202 packages were sold at an average price of US$2.89 comparative figures for the same month last year were 540,140 packages sold at an average price of US$2.27.

 

Most market were operating, especially major packers and were forceful, in the first auction with useful support giving prices a sharp rise. Thereafter, the remaining auctions saw an adjustments of sorts as a reaction to the high prices.

 

There was strong demand for the 137,700 packages (8,897,500kilos) on offer at irregularly dearer rates. 9.35% were neglected in the first sale of the month. The best BP1s in the market appreciated by up to USC16 while brighter descriptions gained marginally with a few lines easing by up to USC4; mediums were irregular opening up to USC16 easier and some lines were unsold but thereafter appreciated, closing up to USC20 above last levels. Lower medium BP1s met better interest gaining up to USC20 but some invoices were unsteady while plainer descriptions were firm to USC8 dearer although some teas did not receive bids. Best PF1s on offer were marginally easier with brighter varieties irregular varying between firm to USC6 dearer to easier by a similar margin while mediums held firm to USC6  above previous levels but a few lines shed up to USC5; lower mediums were a strong feature gaining USC6 to USC17 with plainer categories well absorbed by up to USC14 above last prices but poorest shed up to USC5 where sold. The best PDUSTs available saw improved enquiry and appreciated by USC20 while brighter varieties were steady with medium sorts irregular ranging between firm to USC18 dearer to easier by up to USC4; lower medium PDUSTs saw improved absorption advancing by USC8 to USC24 while plainer descriptions were steady to USC12 dearer although poorer teas were neglected. Best DUST1s on offer were marginally dearer with brighter categories varying between USC2 to USC4 dearer to easier by up to USC8 while mediums were firm to USC18 dearer; lower mediums were well absorbed at USC4 to USC18 above last rates while plainer varieties were firm to USC14 dearer where sold.

 

In the next sale there was good general demand for the 131,786 packages (8,589,084 kilos) which strengthened at the start but thereafter eased with many teas remaining unsold towards the close (14.07%). Best BP1s available saw strong competition and appreciated substantially with quality while brighter varieties were barely steady to USC8 easier; mediums were irregular and varied between firm levels to easier by up to USC24 and more for poorer invoices where sold with lower mediums irregular varying between firm to USC14 dearer to easier by up to USC5. Improved plainer descriptions gained up to USC10 but others were irregularly easier by up to USC12 below last rates. The best PF1s in the market gained up to USC16 while brighter categories opened up to USC10 dearer but eased with the sale and many lines were neglected; mediums opened firm, closing up to USC10 below previous levels and many lines were unsold. Lower mediums were irregular with a few improved coloury lines dearer, however, others shed up to USC10 while plainer types varied between USC11 dearer to easier by up to USC6. Best PDUSTs on offer were up to USC16 easier with brighter categories steady to USC10 easier while medium varieties ranged between firm to USC4 dearer to easier by USC6 to USC12; lower mediums were irregular varying between firm to USC11 above last rates to easier by a similar rate while plainer sorts ranged between firm levels to easier by up to USC6.The best DUST1s in the market saw prices advancing by up to USC22 while brighter descriptions held firm to USC16 dearer with mediums irregular varying between firm to USC10 above last prices to easier by a similar rate; lower mediums were barely steady to USC5 below previous levels with plainer types ranging between firm to USC2 dearer to easier by up to USC8.

 

Good but irregular demand prevailed for the 130,856 packages (8,539,642kilos) in the market at irregular rates. 13.48% were neglected in the following week. The best BP1s on offer were heavily discounted with brighter sorts irregular varying between USC6 dearer to easier by up to USC10 and a few lines were unsold while mediums ranged between USC2 to USC22 dearer to easier by USC10 to USC28 and some teas were neglected; lower mediums saw an irregular enquiry ranging between USC14 above previous levels to easier by a similar rate with plainer categories losing USC5 to USC8 and some invoices did not receive bids. Best PF1s available shed up to USC18 with brighter types easing by USC8 to USC20 where sold while mediums shed USC8 to USC15 and some teas remained without interest. Lower medium PF1s met an irregular activity and varied between USC28 dearer to easier by up to USC32 with plainer descriptions discounted by US8 to USC24. The best PDUSTs in the market shed USC20 while brighter varieties depreciated by USC4 to USC8 with mediums irregular varying between firm to USC20 dearer to easier by similar levels and some invoices were unsold; lower mediums were well absorbed at firm to USC4 dearer with plainer categories barely steady to USC6 below last prices. Best DUST1s on offer lost up to USC20 with brighter sorts declining by USC6 to USC10 and a few lines were neglected while mediums saw an irregular enquiry ranging between firm to USC7 dearer to easier by up to USC6; lower mediums were steady to USC4 easier while plainer varieties were irregular varying between USC10 dearer to easier by USC6.

 

There was good but irregular demand for the 134,420 packages (8,734,861kilos) on offer with prices closely following quality and 10.56% of the teas were neglected in the final sale of the month. Best BP1s in the market appreciated by up to USC6 while brighter categories were a weak feature and shed USC4 to USC10 with some teas remaining unsold; mediums met an irregular enquiry ranging between USC4 to USC14 above previous rates to easier by USC2 to USC16 and some invoices were neglected. Lower medium BP1s held firm to USC3 above last prices with plainer varieties well absorbed at steady to USC4 easier. The best PF1s on offer were barely firm to USC12 easier while brighter types were about firm to USC6 below last levels with mediums irregular varying between firm to USC6 dearer to easier by a similar rate; lower mediums saw an irregular interest ranging between firm to USC10 dearer for improved lines to easier by up to USC8 while plainer sorts were better absorbed at USC6 to USC20 dearer for a few improved teas but poorest were discounted where sold. Best PDUSTs available met improved activity gaining up to USC30 with brighter varieties steady to USC16 easier while mediums were most irregular and varied between USC8 to USC16 dearer to easier by USC6 to USC14 and some lines did not receive bids. Lower mediums saw good interest at firm to USC10 below last prices while improved plainer sorts held firm to USC4 dearer but plainest shed up to USC6 where sold. The best DUST1s in the market were barely steady while brighter categories were firm to USC6 below last prices with mediums irregular varying between firm to USC5 dearer to easier by up to USC8; lower mediums were irregular ranging between firm to USC4 above previous levels to easier by the same margin with plainer descriptions irregular and varied between USC6 dearer to easier by the same rate.

 

In the Secondary Grades BPs opened dearer and were steady but barely maintained levels in the third week although were firm in the final sale. PFs were irregularly dearer in the first week and thereafter gained. Clean well sorted coloury Fannings appreciated in the first two sales but were discounted thereafter while similar DUSTs advanced. Other Fannings and similar DUSTs gained but depreciated in the third week. BMFs were well absorbed, appreciating in the final week.

Pakistan Packers were dominant and lent strong support in the opening and closing weeks but interest waned in the second and third weeks while Egyptian Packers were very strong and forceful in the first and last sales but interest waned in the course of the second auction,  maintaining activity in the third week. Yemen and other Middle Eastern nations were very active but bought at lower prices, showing improved and strong support in the third week while Afghanistan participated strongly in the opening week but were thereafter less active in the remaining weeks, operating at lower levels and were more selective especially in the last auction. Bazaar lent more enquiries in the first and fourth sales and maintained operations at lower rates in the second week with activity waning further in the third week. Kazakhstan and other CIS countries lent more support in the opening and closing weeks with activity waning in the remaining auctions and were more selective in Sale 26. Russia and Sudan maintained interest with the latter active in the final sale at lower levels. Activity from Iran was irregular, being more selective in the opening week with less active in the following auction but lent more enquiries in Sale 25; less interest in the third week and were selective. Interest from Somalia was maintained at the lower end of the market through the month and were more active in the last week

 

 

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C T C QUOTATIONS Opening (italics) & Closing Sales

CATEGORY

BP1 USC

PF1 USC

PDUST USC

DUST1 USC

Best

288-390

334-386

355-440

373-472

365-402

390-415

390-427

402-436

Good

277-341

332-356

340-398

365-408

366-400

390-414

369-410

398-428

Good Medium

285-345

320-368

315-392

340-408

350-398

390-410

365-411

375-420

Medium

280-300

320-333

264-319

292-346

250-294

235-339

226-329

200-330

Lower Medium

174-279

162-289

170-250

150-285

175-220

155-262

182-222

171-248

Plainer

174-258

160-270

155-225

140-260

170-212

140-238

166-222

170-242