Lower growns with demand as 6.3 m/kgs of tea was auctioned,
during the week concluded, Forbes and Walker Tea Brokers said yesterday.
The relatively forger weight of approx. 990,000 kgs on-offer
met with less demand. A fair percentage of teas on offer was of fair average
quality which led to prices showing cl decline all round. With the poorer teas
declining further in prices, there -is now a significant price variance between
the best on offer and the other tens. Nuwara Eliyas failed to achieve the high
prices of lost week. However, they continued, to sell at remunerative levels. BOPF
varieties from the Uva/Udapussalawa sectors were keenly sought after with most
teas appreciating marginally in value. Better BOPs however failed to achieve the
same levels of interest and were most often sold at prices lower to lost. The
liquoring leafy varieties continued to meet with good demand and were often sold
at prices in excess of Rs. 275/-. per kg. CTC varieties met with good demand. The
Low Grown varieties, in particular, were well sought after and saw a substantial
increase in price.
At this week’s Low grown sale a total of 3,2 million kgs came up for sale in
‘the Leafy/Tippy catalogues. There was a fair selection of, well mode teas on
offer this week. Once again ‘it was quite evident that better made tippies met,
with improved demand resulting in prices moving up. Cleaner secondaries too sold
at firm to dearer levels however, teas at the bottom were caster to previous with
buyer’s being selective. In +he leafy catalogues too better OP1/PEKOES together
with the BOP1s sold at firm to, dearer rates. OR/OPAs particularly the select best
and teas at the bottom end continued strong and were dearer to last. Others were
however marginally lower to previous. This week too there was 9,00-4 demand from
C.I.S Turkey, Syria, Iron, Dubai, Saudi Arabic and Libya.
