OTHER MARKET CENTRES

COLOMBO

 

7.0 million kilos on offer met good demand. Best Western BOPs selected high priced teas of last week were lower while others and below best sorts were firm and irregularly dearer following quality; plainer sorts were firm and upto Rs20 dearer for the clean leaf teas.  Nuwara Eliyas were Rs10-20 dearer while Udapussellawas were irregular and tended easier with Uvas Rs10-20 dearer. Best Western BOPFs and the below best sorts were firm and Rs20 dearer particularly as the sale progressed; plainer sorts gained further. Nuwara Eliyas were Rs20-30 dearer while Udapussellawas clean leaf teas were Rs20 dearer with others irregular. Uvas were firm and Rs10 dearer. The Low Growns were firm to dearer. There was improved demand from CIS, Japan, China and Hong Kong while the UK and the Continent bid selectively on a range of teas; there was good demand from shippers to Turkey, Dubai, Saudi Arabia, Kuwait and Iraq.

 

Auction quotations in Rupees per Kg                                        BOP                                        BOPF

 

Better Western High Grown                                                 640.00 – 700.00                      660.00 – 700.00                     

Uva / Udapussellawas                                                          570.00 – 640.00                      590.00 – 620.00                                     

Good Medium                                                                        700.00 – 800.00                      580.00 – 620.00

Low Medium                                                                           610.00 – 680.00                             560.00

 

(Exchange Rate: RUPEE APPROX PER UNIT AGAINST US DOLLAR – 151.66).

KOLKATA

There was good demand. CTC liquoring Assams were barely steady and irregularly easier while remainder Assams tended lower with browner teas seeing few withdrawals. Orthodox met strong demand. Few tippy teas sold readily at attractive levels while clean, well-made whole leaf, brokens and fannings were firm to dearer; remainder whole leaf, brokens and fannings were irregular around last. In the Dust sale Assasm sold readily around last levels while liquoring secondaries met good competition.

CHITTAGONG

Good demand at easier rates for the old season teas on offer. All bright Brokens met a good market but were easier as were mediums; plainer sorts met a little less interest and declined. There were several withdrawals. Best Fannings were readily absorbed at lower levels; mediums eased while plainest were discounted with more withdrawals. CTC DUST met good demand. Selected few lines of Ds were well competed for while other improved liquoring varieties were around last levels with some withdrawals; remainder were lower.

 

KOCHI

 

Orthodox met good demand. Select best Nilgiris sold in line with quality at firm to dearer rates while medium whole leaf were firm and at times dearer; remainder were irregularly lower with poorer secondaries neglected. CTC met fair demand with all varieties irregularly lower. There was fair demand. In the Dust sale popular marks and best category were firm to dearer closely following quality while selected good liquoring mediums with clean leaf appearance were around last; remainder were lower with fair withdrawals. Plainer sorts were irregularly lower with blacker cleaner bolder sorts seeing competition and at times were firm.

 

GUWAHATI

 

Good demand. CTC selected good liquoring sorts were steady to easier at times while remainder were irregular following quality. In the Dust sale good and best sorts were around last with selected descriptions at times appreciated; medium and plainer sorts were readily absorbed.

 

SILIGURI

There was good demand. Medium and plainer teas were irregular around last.

MALAWI

2,660 packages on offer met good demand at generally firm levels. BP1 were firm where sold while PF1/PF1SC met good support at firm to dearer levels; sometimes fetching up to 5USC up on last. PD/D1 were firm to 3USC up on last while secondary teas were firm to 3USC up on last.

JAKARTA

There was improved demand following quality. Java Orthodox BOP/BOPF/BT gained by 3-8cts above last levels while PF/PFII/DUST/DII appreciated by 5-11cts when sold. Java CTC BP1/PD/FNGS were firm to 6cts dearer while PF1/DUST advanced by 5-12cts above previous prices. Sumatra BOP/BOPF/PF/BT were dearer by 4-10cts when sold while DUST/DII were firm to 5cts dearer; PFII/BTII declined by 2cts below last week’s sale.