Auction News

Colombo Tea Auction - Sale of 14TH/ 16TH JANUARY 2019

A total of 6.7 M/kgs came under the hammer this week. There was good demand. Ex-Estate volumes moved up and totalled 1 M/kgs. Quality of teas from the Western planting districts showed significant improvement, whilst Nuwar Eliya and Uva/Udapussellawas showed no remarkable change.

Best Western BOP/BOPF gained Rs. 20/- per kg and more following special inquiry. In the Below Best and plainer categories, BOP/BOPF gained Rs. 20-30/- and Rs. 30-50/- per kg and more respectively. Nuwara Eliyas - generally a disappointing sale considering the available quality. Udapussellawa BOP's gained Rs. 30-40/- per kg, whilst BOPF was irregular. Uva - select BOP invoices gained substantially by up to Rs. 100/- per kg following special inquiry, whilst the others, on average, appreciated between Rs. 20-40/- per kg. Corresponding BOPF too followed a similar trend, where select invoices gained substantially, whilst the others appreciated Rs. 10-20/- per kg. CTC's - a disappointing sale for BP1's in general, whilst High & Mid Grown PF1's too were mostly easier. Liquoring Leafy teas continued to meet with better demand with the limited quantum of teas on offer realizing prices between Rs. 600-800/- per kg.

Low Growns comprised of approximately 3.2 M/kgs in the Leafy/Tippy catalogues this week. There was good demand. In the Leafy catalogue, OP1/BOP1's were fully firm to dearer. Better PEK/PEK1's too were sold around last levels barring a few bolder PEK's that declined Rs. 5-10/- per kg and more. At the lower end too prices were fully firm to dearer. Select best OP/OPA's maintained. Others were barely steady. At the lower end, stalky types were generally easier. In the Tippy catalogue, FBOP's were fully firm to dearer, whilst FF1's were irregular. A range of cleaner secondaries however sold around last levels. In the Premium catalogue too a select range of well made teas maintained. Others were mostly lower to last. There was fair demand from shippers to CIS, Saudi Arabia, Turkey, Iraq and Dubai.

Top prices Sale of 14TH/ 16TH JANUARY 2019

  • Bearwell BOPSP
    Rs. 700
  • Mattakelle Dust1
    Rs. 960
  • Kiruwanaganga OP
    Rs. 860