Over 20 all-time high prices at the Tea Auctions
This week’s tea auction produced over 20 all-time high prices or equalled best levels in a trend reflecting improved demand for the country’s black gold.
Buyers paid premium prices for both high and low grown teas.
This week’s auction offerings declined to 6.3M/kgs from 6.8M/kgs in the previous week. There was good demand.
Best Western BOPs were irregular following quality whilst the corresponding BOPFs declined up to Rs. 20 per kg. In the below best category brighter BOPs sold at firm to dearer rates, whilst the corresponding BOPFs sold around last levels. Plainer sorts declined Rs. 10-20 per kg. Nuwara Eliyas were irregularly firm.
The majority of High Grown CTC teas were irregular following quality, whilst the Low Growns continued to sell well, particularly the best on offer. Liquoring leafy teas met with improved demand and appreciated in value following quality.
There was strong buying from shippers to the CIS, whist South Africa, Japan, UK and the Continent bid selectively.