A further descending trend in the prices were witnessed during the month of September. The Sri Lankan Tea Sales Average for the month of September 2015 at Rs.368.18 shows a negative variance of Rs.71.33 when compared to the corresponding period of 2014.
All three elevations recorded negative variances with the biggest drop being recorded in the low grown elevation. The todate, January to September, Tea Sale Average is recorded at Rs.401.08, a negative variance of Rs.66.60 when compared to the same period of 2014.
Today's 1.06 mkgs of Ex-Estate teas on offer met with better demand. The Best Western High Grown BOPs were mostly firm. Improved teas in the below best category gained. The plainer teas with clean leaf gained whilst the others were easier. The Best Western High Grown BOPFs gained quite sharply as the sale progressed. There was special inquiry for the well-made clean teas, whilst the others were irregularly dearer following quality.
Nuwara Eliya BOPs were firm, whilst the BOPFs met with lower demand. The demand for Uva seasonal teas declined following quality whilst other clean leaf coloury teas were firm to dearer. The well-made Low Grown CTC teas met with good demand, whilst the high and medium CTC teas were irregular following quality.
There was reasonably fair demand for the 3.4 mkgs of Low Grown teas that were on offer at this week's auction. In the leafy category, select best OP1s were firm, whilst the better BOP1s advanced a few Rupees above last. Better OP/OPAs too gained a few Rupees on last. Better PEKOEs declined on last levels, however the bolder varieties advanced. The poorer BOP1,OP1 OP and OPAs tended a lower feature. In the small leaf category better FBOP and FBOPF1s advanced a few Rupees on last levels. Poorer FBOPs and FBOPF1s declined in value. Better Tippy varieties maintained however, the poorer sorts met with less demand.
There was reasonably fair demand from Russia, CIS countries and the other Middle Eastern Countries.
(John Keells Tea Market Report)
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