ECONOMYNEXT – Sri Lanka’s torrential rains are expected to disrupt tea supplies and reduce volume coming to forthcoming auctions, though prices at the most recent sale fell due to lower quality, brokers said.
Bartleet Produce Marketing said prices of ‘Best western BOP/BOPF’ types teas from company estates declined by Rs.20-40 per kilo, although the below best and the plainer types gained Rs.20-40 per kilo.
All Nuwara Eliya BOP/BOPFs, other than a few invoices which were bought on special inquiry, declined by Rs.40-60 per kilo, they said n a report.
Udapussellawa BOP/BOPF’s were lower by Rs.20-30 per kilo and more following quality while teas from the Uva region declined by Rs.30-50 per kilo as well.
Among Low Grown teas, which make up the bulk of the crop, except for one invoice, select best blacker, wiry, cleaner type OP1s were lower by Rs.60-80 per kilo. The best and below best types were lower by Rs.20 per kilo and at times more.
Bartleet Produce Marketing said there have been continuous heavy showers during the day and scattered showers during the nights in the main Western, Nuwara Eliya, Uva and Udapussellawa growing regions in the central hills.
“The continuous heavy rains are expected to continue in the following days as well which might lead to low crop intake in the weeks ahead,” they said.
In Low Grown teas, both the Ruhuna and Sabaragamuwa growing regions have been experiencing dull mornings with regular afternoon and evening heavy showers.
“Sabaragamuwa region has experienced floods which have prevented teas being transported to Colombo,” Bartleet Produce Marketing said.
“The erratic weather is expected to continue in the days ahead. Crop intake in all planting districts show a decrease due to the bad weather.” (COLOMBO, May 24, 2018)