associated with contemporary brokers
Advertise All About Tea
Improve your marketing through our high quality and low cost ad network
Home |  Our Mission |  Tea Community |  Advertise your self |  Tea Sales |  Tea Time
follow advertise allabout tea on facebook   follow advertise allabout tea on twitter   follow advertise allabout tea on youtube   follow advertise allabout tea via rss  

FREE REGISTRATION

Conteporary Brokers
Global Weekly Report
Tea Market Report - week 47 (22 – 26 November 2021)

CTC

For the second consecutive week, Mombasa experienced a strong market with improved absorption and an increasing all average hammer price (+16usc to USD 2.44). KTDA EoR BP1s met strong demand at 10-20ct dearer rates. There was improved demand for WoR BP1s, selling at firm to 3cts dearer levels. Medium BP1s traded irregularly steady to easier meeting reduced demand. The plainer BP1s followed a similar trend. KTDA EoR PF1 was the type which was most looked after, gaining 15-25cts. Pakistan packers were dominant while also Bazaar buyers had strong appetite for these types. WoR PF1s made similar gains with a large global packer making a strong run while bazar buyers went for the black leaf types. KTDA PF1s again managed to reach an almost 100% absorption. Medium PF1s traded irregular, bazar buyers paid up for the black leaf types while others traded firm. Plainer PF1s with better leaf gained up to 30cts while others traded sideways tending dearer. The M1 dust auction met strong demand again. KTDA EoR PD managed to turn the curve, trading up to 18cts dearer. WoR PD remained firm to 10cts dearer. Medium PD gained 8-22cts, while the plainer types increased up to 15cts with healthy demand from buyers active from the Egypt market. Weather conditions are still conducive for growing tea. EoR reports generally sunny days with some morning and night showers, crop is increasing but still below season’s levels. WoR enjoyed well distributed showers with crop increasing to previous levels. Pakistan buyers appear to be very active this week, and cold weather is setting in which makes tea consumption expect to go up. Current stocks are low and need to be filled up. Offerings are not above 200k pkgs but the amounts above 170k are still large. The Limbe auction again met less demand leading to a low absorption rate (52% sold) like last week. BP1 met good demand at steady rates. PF1sc traded a cent easier where sold. PF1 seedling, EPM PF1s met selective demand at steady rates while PGI met good demand but also at steady rates. PDs were mostly taken out under bid, D1s met strong demand, trading 1- 2cts easier. Offgrade fngs met selective demand at 3cts dearer rates while poor invoices were taken out. Offgrade dust was taken out. In the meantime, Mulanje is reporting the first showers, some of which Thyolo also received some showers. Crop is still declining but hopefully will pick up due to the rains in the coming weeks. The CTC section at the Jakarta auction traded mostly steady to firm, experiencing withdrawals. In Kolkata CTC teas met strong demand, especially for well-made Assams, selling at firm levels. Mediums and Cachars traded sideways. In Guwahati, better types traded firm tending dearer while mediums traded steady. In South India, in Coonoor CTC tas met good demand opening steady but gained momentum as the sale progressed, closing the sale firm to dearer. In Coimbatore, good demand led to steady rates for better mediums. Medium teas traded steady to firm while the plainer types traded firm to dearer. The Cochin auction met good demand at firm rates. 

Orthodox

In Colombo, a total of 5.85m.kgs which attracted an overall good demand. HG teas consisted of 0.75m.kgs with the best western BOPs and BOPFs meeting less demand and were about 5-10cts lower. However, there was good demand for the below best and bottom BOPF which were about 10cts dearer. Corresponding BOPs from the western region were fully firm. Better BOPs/ BOPFs from the Uva region too met with good demand and were 5-8cts dearer. Poorer sorts were sold at firm levels. There was no interest for the Nuwara Eliya BOP/ BOPF which went unsold. Medium grown teas, offering of 0.67m.kgs was similar to that of last week which attracted fair demand and were sold at fully firm levels. LG leafy teas had 1.62m.kgs on offer. Select best OP1s maintained. Best OP1s were steady to 3cts lower. Below best OP1s were firm whilst the bottom OP1s were marginally lower. Entire range of BOP1s sold well at firm to 5cts dearer levels. Demand for best OP and OPAs are building up. Best OPs were about 10-15cts dearer whilst the best OPAs were about 5cts dearer. OP/ OPAs from the below best category also met with good demand. Here again, the OPs appreciated by a bigger margin than the OPAs. Bottom sorts too were about 3cts dearer. Pekoes and Pekoe1s were mostly firm, except for the bottom end Pekoe1s which were about 5cts lower. LG small leaf teas had an offering of 1.08m.kgs. Well-made FF1s met with excellent demand and were about 10-15cts dearer. Balance FF1s were firm to 5cts higher. The best FBOPs gained 5cts whilst the balance were sold at firm levels. Very tippy types met with good demand. Off Grades, consisted of 1.19m.kgs this week. Better high grown liquoring FGS1 were firm. Low grown cleaner BMs/FGS were firm whilst the bottom end BMs and FGS were 5cts dearer. Overall BPs were firm. Best BOP1A and the bottom sorts met with good demand and were 10cts dearer. The below best BOP1As were mostly firm. The Dust offering stood at 0.54m.kgs. A handful of select best High grown Dust 1 were firm. Majority of the high grown Dust1s were 10-15cts easier. Secondary dust remained firm. The better LG Dusts were selectively dearer whilst the balance were firm. Western and Uva regions reported bright weather throughout the week, whilst the Nuwara Eliya which reported showery conditions at the beginning of the week, experienced bright weather towards the latter part. Dull weather with showers were reported in the LG region. A slight decrease in crop intake was reported in the Western, Uva and Udapussellawa regions, whilst the Nuwara Eliya and Low Grown regions maintained. The quality of the High- and Medium-grown tea show a significant decline and the LG teas are only marginally lower. In Kolkata, the market opened to good demand leaving only 14% unsold. Well-made whole leaf and brokens sold at similar levels to last week. The remainder was irregular and at times lower, following quality. Fannings sold irregular around last and secondaries were selling in line with quality. In the Darjeeling market, the whole leaf types were barely steady whilst brokens were up to 5cts easier. The fannings were neglected and mainly withdrawn. In the South of India the market attracted less demand leaving 43% unsold. In Coonoor, around 60% of all teas has been sold at overall lower levels. Coimbatore sold its leaves at dearer levels whilst the dust types attracted fair demand at lower levels. In Cochin, teas sold at firm levels. 

"All our dreams can come true, if we have the courage to pursue them."– Walt Disney

28 Nov, 2021
Acknowledgement: Vanrees & Co




Translate into:
Cheap Moncler Jackets Moncler Jackets For Men Moncler Outlet Store Moncler Jackets For Women Cheap Moncler Coats Moncler Jackets Outlet Sale Moncler Down Coats Moncler Outlet Usa Moncler Outlet Sale Moncler Coats for Women Canada Goose Sale Canada Goose Jackets On Sale Canada Goose Parka Outlet Canada Goose Outlet Canada Goose Sale Online Canada Goose Outlet Online Moncler Outlet Usa Emilio Pucci Dresses Emilio Pucci Coat Sale Emilio Pucci Sale Dresses Emilio Pucci Sale Emilio Pucci Dress Sale Emilio Pucci Outlet Online Emilio Pucci Gown Cheap Pjs Jackets Parajumpers Jackets For Men Parajumpers Jackets For Women Parajumpers Jackets Sale Parajumpers Jackets Usa Parajumpers Outlet Store Parajumpers Jackets Outlet Store Cheap Winter Coats Outlet Cheap Winter Jackets Outlet Winter Coats For Men Winter Coats For Women Winter Jackets For Men Winter Jackets For Women Cheap Winter Jackets Outlet Woolrich Clothing Outlet Store Woolrich Elite Jackets Store Woolrich Jackets Outlet Woolrich Parka For Men Woolrich Parka For Women Woolrich Parka Outlet Store Cheap Woolrich Parka