MONTHLY REVIEW

         

               

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

 

 

O F F E R E D

S O L D*

AVERAGE

2 0 1 8

Packages

Kilos

Packages

Kilos

US$

Kenya

460,254

30,805,508.00

430,953

28,933,851.00

$2.55

Uganda

108,275

5,961,351.00

90,748

4,942,665.00

$1.54

Rwanda

31,099

2,116,980.00

28,159

1,916,027.50

$2.75

Madagascar

360

19,956.00

280

15,644.00

$1.47

Tanzania

27,620

1,530,781.00

23,820

1,319,757.00

$1.74

Ethiopia

440

19,712.00

440

19,712.00

$1.22

D R of Congo

160

11,008.00

160

11,008.00

$1.70

Mozambique

2,639

97,983.00

1,920

69,562.00

$0.91

Burundi

14,890

935,340.00

12,510

788,372.00

$2.49

TOTAL

645,737

41,498,619.00

588,990

38,016,598.50

$2.39

 

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

 (Incl of outlots from previous sales)

 

                

 

 

The crop figure for the month of May, 2018 has not yet been announced by the Tea Directorate.

 

KENYA:  West of the Rift:  - Kericho experienced cold mornings and cloudy wet afternoons in the first week with 52mm rainfall and some areas reported hail storms. Conditions were warmer during the day with precipitation of 63.9mm reported in the second week while the third week was generally cold in the mornings and evenings with cloudy afternoons and 34.9mm rainfall recorded. During the final week, mornings were cold with some rain recorded at 37.9mm.   Bomet reported precipitation of 25mm and 26mm in the first two weeks respectively but saw a substantial drop to 5mm and 6mm in the remaining two weeks respectively.  Nyamira and Kisii received 27mm, 35mm, 28mm and 34mm rainfall in the four weeks respectively.

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

Crop declining with lower temperatures.

-Nandi 74mm(weekly total 1,032.9mm) rainfall reported during the first week, reduced to 48mm(weekly total 666.4mm) the following week with only minimal precipitation of 5mm(weekly total 65.9mm) in the third week. Rainfall increased to 37mm (weekly total 517.3mm) in the final week.

Temperatures averaged highs of 23C and lows of 11C in the month.

Crop  low.

-East of the Rift: - Kiambu rainfall of 24mm was recorded during the first week, waning to 14mm the following week but showed a gradual increase to 21mm and 42mm in the third and fourth weeks respectively. Muranga/Nyeri/Kirinyaga similar rainfall patterns experienced, recording 19mm, 17mm, 16mm and 19mm in the four weeks respectively. Aberdare range of mountains 17mm, 13mm, 17mm and 14mm precipitation was received in the four weeks respectively. Embu/Meru recorded 19mm rainfall in the first week, waning to 9mm the following week with 7mm and 38mm recorded in Embu in the remaining weeks but Meru experienced drier weather conditions.

Temperatures averaged 23C maximum and 14C minimum for the period.

Crop seasonally low.

TANZANIA:  East Usambara -  Continue to experience overcast conditions throughout the month with waning precipitation recorded at 30mm, 13mm, 38.25mm and 28.55mm in the four weeks respectively.

Temperatures  averaged maximum of 27C and minimum of 17C during the month.

Crop declining.

 

-Southern Highlands - Seasonal dry weather conditions prevailed.

Temperatures averaged maximum 20C and minimum 11C.

Crop  declining.

WESTERN UGANDA: - Hoima irregular rainfall patterns reported recording 13mm, 45mm, 5mm and 60mm in the four weeks respectively. Kibale the first and third weeks reported drier weather conditions with 46mm and 51mm rainfall recorded in the second and last weeks respectively. Fort Portal in the first week only 6mm rainfall was received which increased to 86mm the following week but conditions were drier in the third week; 63mm was recorded in fourth week. Bushenyi 11mm and 22mm rainfall was received in the first two weeks respectively with dry weather experienced in the third week but 11mm  precipitation was recorded in the last week.

Temperatures:  temperatures averaged at 28C maximum and 18C minimum for the period.

Crop:  showed a slight increase in the first two weeks but declined in the remaining weeks.

Four sales were held during the month where a total of 588,990 packages were sold at an average price of US$2.39 comparative figures for the same month last year were 485,202 packages sold at an average price of US$2.89.

 

 

A rather irregular market, generally expected to be fairly buoyant with seasonal easing of crop and improving quality. Possible scenarios affecting demand could be the extended religious month with celebrations, impending devaluation in Pakistan.

 

Improved general demand for the 158,710 packages (10,310,596 kilos) on offer at irregularly dearer rates with only 9.34% remaining without bids in the first sale of the month. The best BP1s in the market saw improved interest gaining USC3 to USC30 and more following quality but a few lines shed up to USC12 while brighter types held steady to USC3 above last levels with medium varieties well competed for at firm to USC18 dearer; lower mediums were USC2 to USC16 dearer while plainer descriptions were firm to USC14 above previous prices. Best PF1s on offer were irregular varying between firm to USC3 dearer to easier by up to USC8 while brighter categories ranged between USC18 dearer to easier by USC2 to USC5 with medium sorts holding firm to USC3 dearer particularly at the start and some invoices were unsold; lower medium varieties met better interest appreciating by USC12 to USC16 with plainer types fully firm to a few cents above last prices.The best PDUSTs in the market were up to USC14 dearer although a few lines eased with quality while brighter sorts shed USC2 to USC8 and some invoices were unsold; lower medium categories saw better interest gaining USC2 to USC5 while plainer descriptions were firm to USC14 dearer. Best DUST1s available were barely steady to USC6 easier while brighter varieties held firm to USC11 easier with mediums irregular and ranged between firm to USC3 dearer to easier by USC6 to USC9; lower medium sorts were about steady to USC2 below last levels while plainer types were fully firm to USC2 dearer.

 in the following sale there was less demand for the 156,160 packages (10,069,677 kilos) in the market at irregularly easier levels. 12.42% of the teas were neglected. Best BP1s on offer met good interest at firm to USC9 dearer with brighter varieties irregular varying between USC2 above previous rates to easier by USC3 to USC9 while medium sorts were barely steady to USC5 easier. Lower medium categories met better enquiry gaining USC6 to USC18 with plainer descriptions well absorbed at USC2 to USC3 below last prices. The best PF1s available held firm to USC10 easier with brighter types easing by USC3 to USC10 while medium varieties were discounted by USC4 to USC15; lower mediums held firm to USC6 easier while plainer categories shed USC6 to USC10 with more lines remaining unsold. Best PDUSTs in the market were irregular with quality ranging between USC3 dearer to easier by a similar level with brighter varieties steady to USC4 above last prices while medium sorts were firm to USC9 easier. Lower mediums ranged between USC2 above previous rates to easier by up to USC5 with plainer descriptions discounted by USC8 to USC10 and some teas were neglected. The best DUST1s on offer met an irregular enquiry varying between USC12 dearer following quality to easier by USC15 with brighter sorts ranging between USC6 above last prices to easier by USC2 while medium categories were steady to USC2 easier. Lower mediums eased by up to USC4 with plainer varieties firm to USC16 easier.

Less demand for the 158,208 packages (10,127,679 kilos) available in the market which eased as the sale progressed and 13.88% remained unsold in the third week. The best BP1s in the market appreciated by USC10 to USC12 but a few lines eased with quality while brighter sorts were USC16 to USC18 dearer with medium categories steady to USC28 above last prices but some invoices remained unsold. Lower medium varieties shed USC2 to USC15 while plainer types were discounted by USC2 to USC8. Best PF1s on offer held firm to USC12 easier while brighter varieties were firm to USC5 dearer but some lines were neglected with medium types about firm to USC8 below previous levels and many invoices were unsold; lower medium categories eased by USC3 to USC12 and a few teas remained without bids with plainer descriptions a weak feature especially towards the close easing by USC8 to USC15 and poorest were neglected. The best PDUSTs available were steady to USC13 easier while brighter sorts held steady with mediums irregular varying between firm to USC6 dearer to easier by a similar margin and a few invoices were unsold; lower medium types saw less interest easing by USC3  to USC35 with some teas neglected while plainer categories lost USC2 to USC8 where sold. Best DUST1s in the market were irregular with quality varying between USC10 above last prices to easier by a similar level while brighter varieties shed USC6 to USC15 with mediums irregular and ranged between USC5 dearer to easier by USC7 to USC8; lower medium descriptions were largely easier but a few improved lines gained up to USC5 while plainer sorts saw an irregular activity ranging between USC10 dearer to easier by up to USC15.

There was fairly good demand for the 172,659 packages (10,990,667kilos) on offer with prices closely following quality. 12.10% mainly poorest teas, were neglected in the last sale of June. Best BP1s available eased by USC5 to USC9 with brighter varieties irregular and ranged between USC4 dearer to easier by up to USC10 while medium sorts shed USC10 to USC18 where sold; lower mediums were discounted by USC5 to USC12 with plainer descriptions irregular varying between USC4 above last rates to easier by up to USC5. The best PF1s in the market met strong interest gaining USC4 to USC28 with brighter types steady to USC8 dearer while medium categories saw an irregular activity ranging between USC4 to USC6 dearer to easier by up to USC10. Lower mediums held firm to USC2 above previous levels with some lines unsold while improved plainer varieties were about firm to USC4 dearer but others were discounted where unsold. Best PDUSTs on offer were well competed for at USC32 dearer but a few invoices eased with quality while brighter categories held steady to USC4 dearer; medium varieties met an irregular enquiry varying between firm to USC4 dearer to easier by up to USC13. Lower mediums saw less interest easing by USC8 to USC35 where sold with plainer sorts discounted by USC8 to USC14 and plainest were neglected. The best DUST1s available were a strong feature gaining up to USC35 with brighter types appreciating by USC2 to USC12 while medium categories saw an irregular interest and varied between firm to USC12 above last rates to easier by a similar level; lower medium sorts eased by USC5 to USC12 with plainer descriptions firm to USC18 below last prices and plainest remained unsold.

In the Secondary Catalogues BPs were generally firm while PFs were steady but eased in the third week. Clean well sorted coloury Fannings generally held value while similar DUSTs were firm. Other Fannings were discounted while similar DUSTs held value in the first two weeks but eased thereafter. BMFs were well absorbed but lost value.

Pakistan Packers lent strong support but interest waned in Sale 25. Egyptian Packers showed strong interest in the opening week but showed less activity in the next two sales which however strengthened in the final week but were more selective at lower levels. Afghanistan reduced participation in the following three auctions but showed more support in the closing week while Yemen and other Middle Eastern countries lent more support throughout the month. Bazaar showed more and useful activity, easing only in the third week at lower levels. UK were active but selective. Kazakhstan, CIS nations, Russia and Sudan maintained interest but Sudan were selective in the final week. Iran were subdued but lent some interest in the third week. Somali were less 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

240 378

235 390

296 345

290 360

273 336

272 352

268 335

268 355

Good

225 304

230 320

290 310

288 312

270 292

270 300

269 296

262 300

Good Medium

228 313

230 304

290 329

280 308

270 294

272 290

265 289

262 292

Medium

215 255

195 235

262 292

240 286

262 280

242 274

256 280

235 272

Lower Medium

152 226

135 218

200 266

185 256

205 268

140 252

150 268

202 254

Plainer

120 180

114 170

132 237

110 218

130 240

110 224

136 232

112 224