Sri Lanka’s tea production for May 2016 was recorded at 30.6 mkgs, which was a 6% deficit when compared with the same period of 2015. The High Grown recorded a decrease of 1%, the Medium Grown recorded a decrease of 6%, whilst the Low Grown recorded a decrease 8%.
Sri Lanka’s tea production in the first five months of this year at 128 mkgs has recorded a decrease of 11% when compared with the same period of 2015, according to the John Keells Tea Market report.
Ex-Estate offerings comprising of 1.2 mkgs at this week’s auction met with significantly lower demand following quality. The overall quality of teas from the Western Planting districts showed a decline. The handful of Select Best Western High Grown BOP/BOPFs with a neat leaf appearance maintained whilst a major portion of the teas were lower.
The Nuwara Eliya BOPs were mostly easier, whilst a few selected invoices of BOPFs gained substantially on special inquiry. Uva/Udapussellawa BOP/BOPFs were irregular. The High and Medium Grown PF1 were irregular with some invoices gaining sharply on special inquiry. A few Low Grown CTC PF1s maintained whilst the others were somewhat easier. The BP1s were irregularly lower.
Good demand for the 2.7 Mkgs of Low Growns that were on offer despite the marginal drop in quality. Select Best BOP1/OP1s declined sharply, however the balance maintained las week’s price levels.
Select best and best OP/OPAs were firm, however poorer teas declined Rs.10/-. PEKOEs were steady, whilst the PEKOE1s gained Rs.5/- to Rs.10/-.
Select best BOPs shed Rs.10/- to Rs.15/-, whilst the best and below best types appreciated in value. Select best FBOPs were lower by Rs.10/- to Rs.20/-, however the balance were dearer by Rs.10/- to Rs.15/-. Select best FBOPF1s were firm, whilst the best and below best varieties gained in value. Tippy varieties were dearer to last.
There was fair demand from the Russian, Iranian, Saudi Arabian and Turkey.
www.dailynews.lk
Sri Lanka’s tea production in the first five months of this year at 128 mkgs has recorded a decrease of 11% when compared with the same period of 2015, according to the John Keells Tea Market report.
Ex-Estate offerings comprising of 1.2 mkgs at this week’s auction met with significantly lower demand following quality. The overall quality of teas from the Western Planting districts showed a decline. The handful of Select Best Western High Grown BOP/BOPFs with a neat leaf appearance maintained whilst a major portion of the teas were lower.
The Nuwara Eliya BOPs were mostly easier, whilst a few selected invoices of BOPFs gained substantially on special inquiry. Uva/Udapussellawa BOP/BOPFs were irregular. The High and Medium Grown PF1 were irregular with some invoices gaining sharply on special inquiry. A few Low Grown CTC PF1s maintained whilst the others were somewhat easier. The BP1s were irregularly lower.
Good demand for the 2.7 Mkgs of Low Growns that were on offer despite the marginal drop in quality. Select Best BOP1/OP1s declined sharply, however the balance maintained las week’s price levels.
Select best and best OP/OPAs were firm, however poorer teas declined Rs.10/-. PEKOEs were steady, whilst the PEKOE1s gained Rs.5/- to Rs.10/-.
Select best BOPs shed Rs.10/- to Rs.15/-, whilst the best and below best types appreciated in value. Select best FBOPs were lower by Rs.10/- to Rs.20/-, however the balance were dearer by Rs.10/- to Rs.15/-. Select best FBOPF1s were firm, whilst the best and below best varieties gained in value. Tippy varieties were dearer to last.
There was fair demand from the Russian, Iranian, Saudi Arabian and Turkey.
www.dailynews.lk
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