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Workers of most Plantations in the High and Medium elevations will celebrate ‘Diwali’ this coming weekend. A very special occasion, the Festival of Light, has become one of the most widely celebrated festivals in the Plantation sector. This day holds great significance to the workers with very many of the workers attending religious functions. We have had reports of weather being conducive for growth in the Eastern and Western sectors.
With the expected high crop intakes after Diwali, Plantations are advised to ensure that there is tight rein on the leaf standards in order to produce teas of an acceptable product quality. If this is not achieved, particularly with the wide preference of teas that will be on offer, we could see price differentiation between the best and the below best teas on offer.
The bidding in the Ex- Estate catalogue comprising of 1.09 Mkgs, for high grown small leaf tea, commenced on a hesitant note. The buyers being selective were seemingly unsure of the demand across the sale room. As the sale progressed, there was more activity particularly from the Russian interest. The buyers were eager to secure the better teas on offer and the leading buyers of liquoring teas were seen to bid actively. Consequently, a fair range of BOPs and BOPFs were firm but many others lost ground. Russian interest continued to be the dominant factor. Colombo prices for the best teas on offer are much higher than the best CTC PF1 teas in Mombasa. For the second consecutive week in Mombasa, prices have averaged below Two US dollars. Hence, no sooner the demand from Russia slows down, there will be a downward pressure on prices and an increase in quantity or a drop in quality will aggravate the situation.
Contd.
Select best BOPs declined Rs.10/- to Rs.20/-,other good invoices gained Rs.10/-, below best sorts were easier following quality, plainer varieties declined Rs.10/- to Rs.20/- on average. Select best BOPFs shed Rs.10/- to Rs.20/- on average, other good invoices were irregular, below best sorts were firm, plainer varieties declined Rs.10/- to Rs.20/-. Medium BOPs advanced Rs.10/-. BOPFs were firm to easier.
BOPs were firm. BOPFs were Rs.10/- to Rs.20/- dearer.
BOPs declined Rs.20/- to Rs.30/-, whilst the BOPFs shed Rs.10/- to Rs.20/- on average. Uda Pussellawa BOPs declined Rs.10/- to Rs.20/-. BOPFs were barely steady.
Select best Low Grown PF1s were firm to Rs.20/- dearer, others declined by a similar margin and more. BP1s were firm. A few High & Medium PF1s were firm, others were irregular following quality. BP1s shed Rs.10/- to Rs.15/- on average.
Good demand. Select best OP1s eased Rs.10/- to Rs.15/-, however the balance gained Rs.5/- to Rs.10/-. Select best BOP1s shed Rs.100/- to Rs.150/-, best types were irregularly lower by Rs.5/- to Rs.10/-, whilst the below best and poorer sorts were steady. Select best OPs shed Rs.5/- to Rs.10/-, however the balance were irregularly dearer by Rs.10/- to Rs.15/-. Select best OPAs shed Rs.15/- to Rs.20/-, best and below best varieties gained Rs.10/- to Rs.15/- and more at times, poorer types too were dearer by Rs.5/- to Rs.10/-. Select best Pekoes were mainly firm, bold Pekoe varieties appreciated Rs.5/- to Rs.10/-, whilst flaky types were fully firm. Shotty Pekoe1s eased Rs.5/- to Rs.10/-, whilst the balance were fully firm. Good demand for Tippy Small leaf Teas. Select best BOPs advanced Rs.30/- to Rs.40/-, best and below best types gained Rs.10/- to Rs.20/-, poorer sorts were firm. Select best and best BOP.SPs declined Rs.10/- to Rs.20/-, below best and poorer sorts were lower irregularly lower. Select best and best FBOPs sold well however declined a few rupees on last levels, however the price levels continue to be very attractive, below best and poorer sorts were firm. Select best and best FBOPF1s advanced Rs.10/- to Rs.20/-, below best types too gained Rs.5/- to Rs.10/-, poorer sorts were firm. Select best and best tippy varieties sold at attractive levels but tended a little irregular, below best and poorer varieties were dearer by Rs.20/-.
Select best and best liquoring Fngs1s sold at firm levels, whilst the below best and poorer sorts declined Rs.5/- to Rs.10/- and more at times. Select best and best BMs sold at firm levels , whilst the below best and poorer sorts eased Rs.10/- to Rs.15/- and more at times as the sale progressed. All Low Grown Fngs declined Rs.10/-. All BPs appreciated Rs. 5/- to Rs.10/- and more at times. Select best BOP1As along with the best appreciated Rs. 5/- to Rs.10/-, below best along with the poorer sorts were firm to dearer by Rs.5/-.
Select best Dust1s appreciated Rs.5/- to Rs.10/-,whilst the best Dust1s were firm, below best types were irregularly lower, whilst poorer sorts declined Rs.5/- to Rs10/-, clean secondaries were firm, whilst the balance gained Rs.10/- to Rs.15/-. Best Low Grown Dust/Dust1s were firm, whilst the balance were lower by Rs.5/- to Rs.10/-.
Parity Rates – SL Rupee spot middle rate - USD : 132.57 GBP : 213.98 EURO : 183.48
BOP / BOPFGood Westerns / 500 – 600 / 520 – 650
Average Westerns / 450 – 470 / 450 - 500
Plainer Westerns / 370 – 430 / 390 - 430
Western Mediums / 380 – 760 / 430 - 490
Uva Teas / 350 – 610 / 375 - 450
Nuwara Eliya Teas / NQ – 510 / 450 - 530
Udapussellawa Teas / 370 – 415 / 370 – 395
CTC (BP1 and PF1) / 335 – 500 / 330 - 720
Select Best / Best / Below Best / Others
LIQUORING
DUST-1 / 550.00-620.00 / 440.00-520.00 / 370.00-430.00 / 240.00-300.00OFF GRADES -
FGS1 / 430.00-460.00 / 410.00-430.00 / 350.00-380.00 / 280.00-310.00
FGS / 340.00-500.00 / 280.00-320.00 / 250.00-270.00 / 230.00-240.00
LOW GROWNS
FBOP / 800.00-1000.00 / 700.00-750.00 / 550.00-600.00 / 480.00-530.00BOP1 / 900.00-1450.00 / 800.00-890.00 / 540.00-790.00 / 450.00-530.00
BOP / 750.00-850.00 / 600.00-700.00 / 500.00-550.00 / 430.00-450.00
BOP.SP / 650.00-700.00 / 550.00-600.00 / 440.00-500.00 / 410.00-420.00
BOPF
/ 550.00-620.00 / 500.00-520.00 / 420.00-440.00 / 275.00-325.00FBOPF/FF.SP/EX SP.
/ 800.00-1400.00 / 600.00-700.00 / 500.00-550.00 / 380.00-450.00FBOPF1
/ 700.00-800.00 / 600.00-670.00 / 560.00-570.00 / 430.00-500.00OP1 / 740.00-940.00 / 610.00-730.00 / 520.00-600.00 / 440.00-510.00
OP / 560.00-680.00 / 520.00-550.00 / 450.00-510.00 / 390.00-440.00
OPA
/ 570.00-690.00 / 530.00-560.00 / 470.00-520.00 / 390.00-460.00PEKOE
/ 610.00-770.00 / 550.00-600.00 / 500.00-540.00 / 450.00-490.00PEKOE1
/ 620.00-770.00 / 550.00-610.00 / 490.00-540.00 / 450.00-480.00DUST/DUST1
/ 400.00-445.00 / 340.00-370.00 / 310.00-330.00 / 240.00-260.00Approximate price range in Rupees per kg
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BOP Gouravilla 600.00
BOPSP + Bearwell 650.00
BOPF/BOPFSP Bearwell 650.00
FBOP/FBOP1 Queensberry 960.00
PEKOE/PEKOE1 * Kirkoswald 920.00
OP1 *+ Inverness 1000.00
BOP1 -
OP/OPA Inverness 490.00
FF/FF1 *+ St Andrews 740.00
*+ Inverness 740.00
+ Nadoo Totem 740.00
BOP Mahagastotte 510.00
BOPF/BOPFSP * Lovers Leap 530.00
FBOP/FBOP1 * Lovers Leap 1010.00
PEKOE/PEKOE1 Court Lodge 980.00
BOP Kirklees 420.00
BOP.SP Blairlomond 500.00
BOPF/BOPFSP Kirklees 415.00
Brookside 415.00
FBOP/FBOP1 Gordon 630.00
Mooloya 630.00
PEKOE/PEKOE1 Gampaha 540.00
OP1 Gampaha 430.00
BOP1 + Gordon 630.00
OP/OPA Luckyland 440.00
FBOPF/FBOPF1 Gordon 650.00
PF1 + Kalubowitiyana 720.00
+ Cee Tee Hills 720.00
BP1 * Suduwelipothahena CTC 500.00
OF Nildalukanda 360.00
BPS Brombreeze 330.00
PF1 ++ Mt. Vernon 530.00
BP1 * Mt. Vernon 380.00
* Florence 380.00
OF -
BPS * Florence 415.00
PF1 + New Peacock 535.00
BP1 * Carolina 405.00
OF Duckwari 345.00
BPS Strathdon 400.00
BOP + Craighead 760.00
BOPSP ++ Harangala 760.00
BOPF/BOPFSP Craighead 670.00
FBOP/FBOP1 Craighead 1000.00
Imboolpittia 1000.00
Doombagastalawa 1000.00
PEKOE/PEKOE1 Cooroondoowatte 600.00
OP1 + Doombagastalawa 980.00
BOP1 ++ Craighead 1250.00
OP/OPA *+ Kenilworth 940.00
FF/FF1 Craighead 770.00
Ancoombra 770.00
BOP * Glenanore 690.00
BOPSP Mount Uva 640.00
BOPF/BOPFSP Ampittiakande 570.00
FBOP/FBOP1 + Craig 870.00
PEKOE/PEKOE1 Mount Uva 560.00
OP1 Battawatte 630.00
BOP1 Battawatte 980.00
OP/OPA Battawatte 500.00
FBOPF/FBOPF1 + Uvakellie 760.00
BOP Hillmark Uva 700.00
BOP.SP *++ Halpewatte Uva 690.00
BOPF/BOPFSP Rookatenne 490.00
FBOP/FBOP1 + Sarnia Plaiderie 1150.00
PEKOE/PEKOE1 St. James 820.00
OP1 Shawlands 800.00
BOP1 + Dickwella 1150.00
OP/OPA Shawlands 980.00
FBOPF/FBOPF1 *++ Meddakande 760.00
DUST1 Mattakelle 620.00
P.DUST * Hingalgoda CTC 520.00
FNGS/FNGS1 * Nawalakanda 500.00
PFNGS * Hingalgoda CTC 580.00
BM * Nawalakanda 495.00
BOP1A +* Hiniduma S/H 540.00
+* Nawalakanda 540.00
* Wewelkandura 480.00
BP Darlington Valley 520.00
BOP +* Derngala Hills 880.00
+ Pothotuwa 880.00
BOP.SP +* Renukanda 860.00
* Nawalakanda Super 840.00
* Ceciliyan 840.00
BOPF ++ New Nivithigala 740.00
BOPF.SP Aruna 720.00
New Galagawa 720.00
Nilvin Super 720.00
OP1 * Sithaka 940.00
BOP1 + Magedera 1,450.00
OP Sihara 680.00
OPA Selna 690.00
PEKOE Liyonta 770.00
* Wewelkandurs Super 740.00
PEKOE1 Andaradeniya Hills 770.00
* Nawalakanda Super 760.00
FBOP * Sithaka 1,100.00
FBOP1 H.P.P.Tea 1,100.00
FBOPF1 Samwin 1,300.00
* Broadlands SH 1,100.00
FBOPF * Nawalakanda Super 820.00
Udayakanda Super 820.00
FBOPF.SP New JSP 3,300.00
FFEXSP/FFEXSP1 * Nildiya Valley 2,050.00
* TEAS SOLD BY JOHN KEELLS PLC
+ ALL TIME RECORD PRICE
++ ALL TIME RECORD PRICE EQUALED
FBOPF SP New Nivithigala 2,750.00
FFEXSP * Woodland Tea 3,000.00
FFEXSP/SP1 New Batuwangala 1,950.00
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Sale of15/10/13
In LKR / Sale of
23/10/13
In LKR / Corres. 2012
In LKR
Uva High Growns / 379.60 / 394.86 / 386.57
Western High Growns / 452.87 / 451.37 / 431.64
CTC High Growns / 417.08 / 440.20 / 392.54
Summary of High Growns / 432.98 / 435.06 / 423.50
Uva Medium Growns / 444.65 / 473.52 / 380.15
Western Medium Growns / 410.71 / 430.76 / 360.93
CTC Medium Growns / 393.07 / 400.25 / 378.63
Summary of Medium Growns / 422.33 / 445.06 / 366.59
CTC Low Growns / 503.42 / 530.72 / 418.37
Summary of Orthodox Low Growns / 534.17 / 547.93 / 399.94
Summary of Low Growns / 533.24 / 547.37 / 400.62
TOTAL SALE AVERAGE / 495.71 / 507.43 / 400.78
Sale of 15/10/13
In USC / Sale of 23/10/13
In USC / Corres. 2012
In USC
Uva High Growns / 286 / 297 / 289
Western High Growns / 341 / 340 / 322
CTC High Growns / 314 / 331 / 293
Summary of High Growns / 326 / 327 / 316
Uva Medium Growns / 335 / 356 / 284
Western Medium Growns / 309 / 324 / 270
CTC Medium Growns / 296 / 301 / 283
Summary of Medium Growns / 318 / 335 / 274
CTC Low Growns / 379 / 399 / 313
Summary of Orthodox Low Growns / 402 / 412 / 299
Summary of Low Growns / 401 / 412 / 299
TOTAL SALE AVERAGE / 373 / 382 / 299
From 01 January todate
/ 2013
In Rs. / 2012
In Rs. / 2013
In USC / 2012
In USC
Uva High Growns / 367.10 / 333.75 / 276 / 249
Western High Growns / 405.03 / 376.27 / 305 / 281
CTC High Growns / 374.43 / 346.57 / 282 / 259
Summary of High Growns / 393.81 / 364.95 / 296 / 273
Uva Medium Growns / 397.09 / 348.94 / 299 / 261
Western Medium Growns / 382.52 / 340.54 / 288 / 254
CTC Medium Growns / 360.93 / 337.76 / 272 / 252
Summary of Medium Growns / 387.90 / 343.69 / 292 / 257
CTC Low Growns / 436.91 / 417.63 / 329 / 312
Summary of Orthodox Low Growns / 458.84 / 405.55 / 345 / 303
Summary of Low Growns / 458.14 / 405.94 / 345 / 303
TOTAL SALE AVERAGE / 433.72 / 387.62 / 326 / 290
MONTH – FROM 01ST TO 23RD OCTOBER 2013
2013 In Rs.Uva High Growns / 383.61
Western High Growns / 450.57
Summary of High Growns / 432.46
Uva Medium Growns / 442.71
Western Medium Growns / 415.20
Summary of Medium Growns / 424.00
Summary of Low Growns / 522.08
TOTAL SALE AVERAGE / 488.04
CROP FIGURES OF MAJOR PRODUCING AND EXPORTING COUNTRIES (IN MILLON KG)
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Country / MONTH / 2013 / 2012 / CUMULATIVE / 2013/ 2012 / CUMULATIVE
+ INC./-DEC.
Sri Lanka
North India
South India
Kenya
Bangladesh
Malawi / September
August
August
September
August
August / 25.0
139.71
14.55
32.05
9.1
1.8 / 27.4
133.62
17.28
33.55
9.2
1.2 / Up to Sept.
Up to Aug.
Up to Aug.
Up to Sept
Up to Aug.
Up to Aug. / 248.4
558.06 146.81 310.24
33.1
33.7 / 242.5
508.64
155.20
247.95
32.8
34.3 / + 5.9
+ 49.42
- 8.39
+ 62.29
+ 0.3
- 0.6
WESTERN’S
Western sector experienced scattered afternoon showers at the beginning of the week giving way bright and sunny condition towards the end of the week.
NUWARA ELIYA’S
Nuwara Eliya’s too followed a similar trend to Westerns.
UVA’S
Uva’s experienced afternoon showers throughout the week.
LOW GROWN’S
Ratnapura, Deniyaya and Galle districts experienced scattered showers throughout the week.
CROPS
Moderate crops were reported from all elevations.
WEEKLY / TO-DATEP/SALES / 53,866.50 / 2,643,551.06
BMF / 532,841.00 / 9,419,328.00
DIRECT SALES / 56,373.00 / 1,430,879.43