MONTHLY REVIEW

 

         

         

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

 

 

O F F E R E D

S O L D*

AVERAGE

2 0 1 9

Packages

Kilos

Packages

Kilos

US$

Kenya

579,176

38,699,130.50

513,152

34,403,419.00

$2.16

Uganda

128,818

7,271,131.00

103,399

5,866,029.00

$1.23

Rwanda

30,860

2,101,472.00

27,840

1,906,939.50

$2.65

Tanzania

22,080

1,256,994.00

17,500

989,664.00

$1.37

Malawi

340

22,656.00

-

-

-

Ethiopia

3,398

158,804.20

3,355

156,807.00

$1.09

Mozambique

500

21,300.00

500

21,700.00

$0.79

Burundi

14,980

954,800.00

11,540

741,732.00

$2.15

TOTAL

780,152

50,486,287.70

677,286

44,086,290.50

$2.03

 

2 0 1 8

Packages

Kilos

Packages

Kilos

US$

Kenya

425,198

28,447,384.00

395,377

26,535,180.50

$2.99

Uganda

93,039

5,224,761.00

84,839

4,737,900.00

$1.90

Rwanda

29,500

2,018,756.00

25,320

1,714,353.00

$3.28

Madagascar

40

2,792.00

-

-

-

Tanzania

23,657

1,283,921.00

20,619

1,110,718.00

$1.99

Ethiopia

880

38,628.00

880

38,862.00

$1.55

D R of Congo

840

52,380.00

760

47,028.00

$1.91

Mozambique

460

24,912.00

420

22,116.00

$1.86

Burundi

13,060

832,932.00

11,640

744,098.00

$2.97

TOTAL

586,674

37,926,466.00

539,855

34,950,255.50

$2.82

 (Incl of outlots from previous sales)

               

 

The crop figure for the month of January, 2019 has not yet been announced by the Tea Directorate.

Kericho  generally sunny, dry and at times very windy conditions was reported in the first and second weeks with some 0.7mm rainfall recorded in the latter week. Warm and sunny conditions continued in the third week with afternoon cloud cover and minimal rainfall recorded at 7.7mm; 23.9mm rainfall was received in the fourth week with conditions warm and sunny accompanied by afternoon and evening showers. Bomet drier weather conditions experienced in the first week with scattered showers reported in the following two weeks; rainfall was received in the last week and recorded at 32mm.  Nyamira and Kisii the first week was dry with rainfall reported in the remaining weeks measuring 10mm, 6mm and 27mm respectively.

Temperatures averaged maximum of 26C and minimum of 13C in the four weeks.

Crop low.

-Nandi  the first week experienced drier weather conditions with minimal rainfall received in the next two weeks; 20.9mm(weekly total 293.1mm) rainfall was recorded in the last week.

Temperatures averaged highs of 30C and lows 10C during the period.

Crop low.

-East of the Rift: - Kiambu dry weather was experienced in the first week with only scattered showers reported in the next two weeks but precipitation of 7mm was received in the final week.  Muranga/Nyeri/Kirinyaga the first week was dry with scattered showers reported in the second and third weeks while rainfall of 6mm was received in the last week. Embu/Meru was dry in the first and second weeks and Meru remained dry in the third week while Embu received some scattered showers; both areas however experienced some rainfall in the last week recorded at 4mm.

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

Crop low.

TANZANIA:  East Usambara Drier weather conditions experienced apart from some 20.7mm of rainfall recorded in the last week.

Temperatures  averaged maximum of 26C and minimum of 25C during the month.

Crop low.

Southern Highlands useful precipitation was recorded at 105mm in the first week reducing gradually to 85mm, 80mm and 62mm in the remaining three weeks respectively.

Temperatures averaged highs of 23C and lows of 14C in the period.

Crop higher but dipped slightly in the first week.

WESTERN UGANDA: -  Hoima experienced drier weather conditions but received precipitation in the last week recording 12.3mm. Kibale dry weather was reported in the first, second and fourth weeks with only minimal rainfall reporting 5mm in the third week. Fort Portal experienced drier weather conditions in the first two weeks with only 0.5mm rainfall received in the third week and 5.5mm in the last week. Bushenyi only a few scattered showers were reported in the first and third weeks with precipitation of 19mm and 17.8mm recorded in the second and fourth weeks respectively.

Temperatures:  averaged maximum of 31C and minimum of 18C during the four weeks.

Crop:  declined.

Four sales were held during the month where a total of 677,286 packages were sold at an average price of US$2.03 comparative figures for the same month last year were 539,855 packages sold at an average price of US$2.82.

 

Historically the month of February saw an unprecedented high volume of tea ever offered at the 60 plus years old auction centre. Demand was good and improved with the strong support primarily from Egyptian Packers and Pakistan Packers. However quality of a large percentage on offer was irregular at most, and progressively declining.

 

Demand for the 192,420 packages (12,563,639 kilos) on offer was irregular, opening steady but eased as the sale progressed and 21.53% were neglected in the first sale of the month.  The best BP1s in the market saw improved interest gaining up to USC60 and more following quality but eased by up to USC20 as the sale progressed while brighter sorts opened at USC5 to USC16 dearer, gradually easing by up to USC20 towards the close and some teas were neglected with mediums irregular and ranged between USC4 to USC8 above previous levels at the start and thereafter shed USC12 to USC30 with many lines remaining unsold; lower mediums were discounted by USC3 to USC16 but a few improved lines gained with quality while plainer varieties were firm to USC8 above last rates but lost up to USC8 as the sale progressed with a few invoices unsold.   Best PF1s available shed up to USC22 but a few improved invoices gained with quality while brighter types eased by USC3 to USC8 with mediums firm but eased by up to USC14 as the sale progressed and some teas were neglected. Lower mediums opened firm to USC10 dearer but shed up to USC14 and some teas remained without bids while plainer varieties were firm and eased by USC17 to USC28 as the sale progressed with some invoices and plainest neglected.  The best PDUSTs in the market appreciated by up to USC4 at the start and eased by up to USC10 towards the close with brighter sorts USC3 to USC12 easier while medium types lost USC8 to USC26 and a few invoices remained unsold; lower medium categories were firm to USC6 dearer but shed USC3 to USC40 as the sale progressed with plainer descriptions firm to USC6 dearer at the start and thereafter were up to USC14 below previous prices as the sale progressed with some teas remaining unsold.  Best DUST1s in the market were irregular ranging between USC2 to USC4 dearer to easier by a similar level with brighter varieties firm but were discounted by up to USC5 towards the close while medium varieties opened firm but shed up to USC20 with the sale and many lines were unsold; lower medium categories opened firm to USC6 dearer but eased by up to USC4 towards the close while plainer descriptions opened firm to USC6 dearer but were up to USC6 below last prices as the sale progressed. .  

 

Improved general demand for the largest volume of 197,504 packages (12,757,528 kilos) ever offered at the auctions. 13.33% however remained unsold in following week. Best BP1s available shed USC14 to USC16 with brighter varieties irregular varying between USC28 dearer to easier by a similar level while medium types gained USC2 to USC12 but some invoices were unsold. Lower medium categories were well competed for and advanced by USC4 to USC12 with plainer descriptions firm to USC10 above previous prices but plainest were neglected. The best PF1s on offer appreciated by USC4 but a few lines eased with quality while brighter varieties gained USC6 to USC8 with medium sorts firm to USC13 dearer but some teas remained unsold; lower medium categories ranged between USC4 dearer to easier by a similar rate with plainer varieties irregular and varied between USC9 dearer to easier by up to USC6 and poorest were difficult of sale. Best  PDUSTs in the market eased by up to USC30 but a few lines gained following quality while brighter types held firm to USC2 below last levels with medium categories irregular ranging between USC3 to USC6 dearer to easier by a similar rate. Lower mediums varied between USC2 dearer to easier by up to USC15 while plainer varieties were strongly competed for appreciating by USC2 to USC34 but poorest were neglected. The best DUST1s on offer shed up to USC12 but a few teas gained following quality  with brighter types easing by up to USC13 although some improved invoices gained following quality while mediums saw an irregular enquiry varying between firm to USC20 above previous rates to easier by USC5 to USC15. Lower mediums eased by USC6 to USC10 with plainer categories irregular varying between USC10 dearer to easier by up to USC21.

Much improved and useful general demand for the 192,595 packages (12,485,617) on offer at dearer rates; 12.51% were however unsold in the next sale. The best BP1s in the market appreciated by up to USC38 but a few invoices eased up to USC5 following quality while brighter categories met an irregular enquiry varying between USC8 dearer to easier by USC12 and some lines remained unsold with medium varieties irregularly easier by USC7 to USC26 and some teas were neglected but a few improved lines gained with quality. Lower mediums saw better absorption and appreciated by USC12 but a few lines shed up to USC8 while plainer sorts ranged between USC6 above previous prices to easier by up to USC18 with many teas neglected.  Best PF1s available were irregular and ranged between USC10 dearer to easier by up to USC7 with brighter types appreciating by USC6 to USC8 while medium varieties were firm   to USC12 above last rates. Lower mediums were steady to USC16 above last prices while plainer descriptions opened firm to USC22 dearer but thereafter were irregular and eased by up to USC14 as the sale progressed with many teas remaining without bids. The best PDUSTs on offer appreciated by USC6 to USC30 following quality while brighter categories saw an irregular enquiry varying between USC4 dearer to easier by USC5 with medium varieties gaining USC3 to USC10 but a few Invoices shed up to USC4; lower medium sorts met strong competition advancing by USC8 to USC36 and more. Plainer sorts were irregular and varied by USC12 dearer to USC30 and more easier following quality and many invoices remained without bids towards the close. Best DUST1s in the market appreciated by USC4 to USC12 with brighter types firm to USC14 above last levels while medium varieties held firm to USC12 dearer; lower mediums saw improved interest gaining USC8 to USC15 with plainer categories advancing by between USC10 to USC28 and more.

Good but irregular demand for the 197,633 packages (12,679,503 kilos) in the market which opened firm but thereafter eased as the sale progressed and 22.77% remained without bids in the last sale of the month. Best BP1s on offer met strong interest appreciating by USC34 although a few lines eased by USC5 with brighter varieties easier by up to USC9 and some teas were neglected but a few improved invoices were up to USC2 dearer; medium categories were irregular and varied between USC2 to USC30 dearer at the start to easier by USC5 to USC8 towards the close and many teas were neglected. Lower medium varieties shed USC2 to USC16 where sold with plainer descriptions opening between USC2 to USC13 above previous prices to easier by a similar level towards the close and many invoices remained unsold. The best PF1s in the market saw an irregular enquiry ranging between USC4 dearer to easier by USC3 while brighter varieties held firm to USC4 easier and some lines were unsold with mediums irregular and varied between USC3 to USC13 dearer at the start to easier by USC4 to USC5 towards the close and some teas were unsold; lower medium varieties shed USC4 to USC14 where sold with plainer types irregular, opening up to USC10 dearer to easier by up to USC11 towards the close and many invoices remained without bids with plainest difficult of sale. Best PDUSTs available gained USC6 with brighter sorts irregular and ranged between USC2 dearer to easier by up to USC10 while medium types met an irregular activity varying between firm to USC24 dearer to easier by up to USC5 with a few lines remaining unsold. Lower medium categories were firm to USC22 below last rates while plainer descriptions held steady at the start but shed up to USC10 towards the close and many teas were neglected particularly plainest. The best DUST1s on offer appreciated by USC13 but some invoices eased by up to USC9 following quality while brighter varieties were firm to USC2 dearer with mediums opening at USC4 dearer to easier by USC2 to USC5 towards the close. Lower medium types were irregular opening at USC2 to USC10 dearer to easier by up to USC5 towards the close while plainer descriptions held steady to USC6 easier and plainest remained without bids.

In the Secondary Catalogues BPs appreciated while PFs held value and gained in Sale 08 easing only in the first week. Clean well sorted Coloury Fannings were discounted but remained firm in the first and third weeks while similar DUSTs were steady but eased in Sale 7. Other Fannings were easier in the opening and closing weeks, held value in the second week and appreciated in the third week while similar DUSTs followed a similar trend. BMFs were well absorbed and gained in the third sale.

Pakistan Packers lent useful and strong support but eased participation towards the close in the first and last sales while Egyptian Packers showed strong interest and were dominant throughout the month. Afghanistan were strong with useful activity while UK and Bazaar increased support with maintained interest from Russia in the first and last weeks but showed more support in the remaining sales. Activity from Yemen and other Middle Eastern countries eased in the opening week but were more active in the remaining weeks particularly Sales 07 and 08 with interest from Kazakhstan and other CIS nation irregular varying between active but selective in Sale 06, showed more interest in the next two weeks and were active but selective in Sale 09. Sudan maintained activity, reducing interest in the first week and were active but selective in the closing sale with Iran generally subdued. Somalia were more 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

256 474

330 532

256 354

274 340

240 361

254 366

240 322

245 327

Good

250 324

200 331

250 282

260 297

238 280

242 268

235 265

220 279

Good Medium

210 360

210 376

230 281

248 314

228 262

220 282

230 256

224 286

Medium

188 252

170 230

194 250

190 267

192 224

200 242

175 239

180 238

Lower Medium

129 200

124 200

138 208

120 224

110 230

120 240

130 236

130 240

Plainer

115 150

110 168

072 170

078 190

080 198

062 214

086 180

080 212