ECONOMYNEXT – Sri Lanka’s High, Medium and Low Growns prices were down at an auction on April 19, following the New Year holidays, data showed.
Total auction volume was 5.3 million kilograms and there was good general demand, Forbes and Walker tea brokers said in a report.
The weekly sale average fell by 2.71 rupees to 159.69.40 rupees from 1262.40 rupees, according to data.
The High Grown sale average was down by 39.76 rupees to 1,313 from 1,340.35 rupees, Ceylon Tea Brokers said.
Ex-Estate offerings totalled 0.781 million kilos.
Overall quality of teas on offer were barely maintained with a limited availability of better liquoring teas, Forbes and Walker said.
BOP and BOPF prices fell by 100 rupees and the price of PF1 fell by 50 rupees per kilo.
Nuwara Eliya’s were barely steady. Uda Pussellawa’s fell up to 100 rupees per kilo. Uva’s were firm to dearer by 50 rupees per kilo.
Price of OP1 went down by 50 rupees while BOP 1 gained by 40 rupees.
All the other prices remained stable.
Low Growns comprised 2.3 million kilos. Leafy, Semi Leafy and Tippy catalogues met with fair demand.
However, the average price of Low Growns grew 11.21 rupees to 1,309.91 rupees.
Select best teas in PEKOE/PEKOE1 together with full range of bold PEK’s were firm to lower. Cleaner below best and the rest were irregular.
FBOP/FBOP1 select best and best were firm on last, others were easier.
In BOP the prices were steady, lower market.
BOPF All-round irregular.
The Medium Growns sale average fell 17.18 rupees to 1,085.04 rupees last week.
FBOPF and PEK1 fell 100 rupees per kilo and FBOPF1 fell 150 rupees per kilo.
High & Medium Grown CTC teas – Improved demand for BP1’s though hardly any offerings, Forbes and Walker said.
BOP1 – Select best dearer by 100 per kilo whilst best appreciated by 50 rupees per kilo. Below best and others held firm.
OP1 – Best increased by 50 rupees per kilo whilst others were firm. (Colombo/April 23/2023)