OTHER MARKET CENTRES
Fair demand at easier rates for the 6.8 million kilos on offer. Best Western BOPs selected invoices appreciated substantially while others were irregular and mostly easier. In the below best category selected brighter teas were firm while others declined up to Rs20; plainer sorts were around last levels. Nuwara Eliyas few select invoices were substantially dearer with others around last levels. Udapussellawas were firm and up to Rs10 lower while Uva selected invoices were firm with others up to Rs10 easier. Best Western BOPFs selected invoices were firm and Rs10-20 dearer while others and teas in the below best category were lower by a similar margin and more; plainer sorts were Rs20-40 lower. Nuwara Eliyas were up to Rs50 easier while Udapussellawas were around previous levels. Uvas declined Rs20 and more following quality. The Low Growns were irregularly lower. Shippers to the UK and the Continent bid selectively following quality with less demand from South Africa, China, Japan and CIS while there was good demand from Turkey, Saudi Arabia, Iraq, Kuwait and Dubai.
Auction quotations in Rupees per Kg BOP BOPF
Better Western High Grown 680.00 – 1100.00 680.00 – 800.00
Uva / Udapussellawas 600.00 – 760.00 630.00 – 650.00
Good Medium 720.00 – 800.00 700.00
Low Medium 630.00 580.00 – 590.00
(Exchange Rate: RUPEE APPROX PER UNIT AGAINST US DOLLAR – 152.97).
CTC met good demand. Few selected good leaf and earlier Assams sold readily while remainder tended easier following decline in quality with fibrous/end season descriptions seeing some withdrawals. Orthodox met strong demand. Few earlier and reprinted whole leaf and brokens were readily absorbed; remainder browner,stalkier, end season whole leaf and brokens were irregular around last with Fannings following a similar trend.
Improved demand with prices following quality. The few good Brokens on offer met fair enquiry but prices eased by upto Tk5; medium Brokens declined by upto Tk7 while plainer sorts saw more interest but were generally about steady with lesser withdrawals. Poor types saw fair enquiry although quite a few of these were withdrawn without bids. A limited weight of good Fannings met good demand but eased by Tk4 to 6 and mediums declined further often by upto Tk10 while plainer sorts met better enquiry but eased by Tk3 – 5; a similar trend prevailed for the poor types with more withdrawals. CTC DUST good liquoring teas particularly CDs met good competition. There was also better demand for medium varieties which sold at irregular rates closely following quality; brown, fibrous and plainer liquoring teas declined by Tk10 – 12 with fair withdrawals.
Fair demand. Orthodox best Nilgiris eased and saw withdrawals while mediums followed a similar trend with poorer secondaries neglected. CTC all varieties eased. In the Dust sale best category and popular marks declined by Rs4 and more as the sale progressed; similar trend followed for mediums. Plainer sorts were irregular around last and at times lower with fair withdrawals on popular marks and mediums.
Good demand. All sorts tended easier following quality. In the Dust sale selected teas were around last while remainder were easier following quality; secondaries sold well in line with competition.
Report not received.
1,860 packages on offer met selective demand at generally easier rates. The single line of BP1 on offer was taken out under bids while PF1 were firm to easier where sold. PF1SC were firm to easier by 3 to 7USC on last with some invoices taken out under bids; PD/D1 few invoices tended firm. Secondaries few invoices available met selective interest at easier rates.
There was fair demand at irregular levels following quality. Java Orthodox BOPF declined by 3-6cts below last levels while PF/DUST/PFII/DII were firm to 2cts dearer; BT/BTII were discounted by 2-3cts when sold. Java CTC BP1/PD/DUST mostly firm when sold while PF1 strengthened by 3-8cts above previous levels; FNGS/D2 depreciated by 2-4cts below last rates. Sumatra BOP/BOPF/DUST/BP maintained last week prices while PF/BT/PFII better lots gained by 3-4cts with good mediums declining by 2-5cts when sold. Balance secondary grades were firm to 2cts easier.