Global Market Report
Tea market report 14th – 18th October, 2002
MOMBASA: Good demand. Better BP1’s eased
3-6, mediums irregular and largely unchanged, plain sorts steady
to 6 lower. Best PF1 declined up to 15, below best, good mediums,
plain & coloury varieties eased by 7, mediums were 3-5 down. Better
PD’s fell by 10-20 with selected lines firm, Medium were steady
to 3 easier while plain sorts shed 5. Better D1 generally easier
by up to 9, medium & plainer types tended steady to 3 below last.
In the secondary catalogues, clean Dust, Fannings & BMF were firm
to dearer, poor varieties eased a little. Pakistan, Egypt, Sudan,
Somalia, Ethiopia, Yemen, UK operated without pushing.
COLOMBO: Fair demand. Best Dimbula’s gained
3-5, others lower by a similar margin. Better N’Eliya’s barely steady,
others lost 3-6. High priced Uva / Udapuss lower, others gained
4-6. Best mediums sold at last, remainder 3-5 dearer. Well made
leafy low grown teas eased 3-6 while tea at the bottom lost 2-4.
Better OPA’s gained 4 while poorer teas eased by a similar margin.
Pekoes declined 4-8, tippy sorts eased. Better off-grade Fannings
4-8 dearer, BP / BM and low grown went higher by 2-4. Primary Dusts
3-6 lower, secondaries also easier but to a lesser extent. CIS,
Pakistan, Middle East, UK, USA, EEC, Japan internal active.
JAKARTA: Good demand. Java orthodox
steady to dearer except PF / Dust which tended easier. Sumatra
orthodox followed a similar trend to Java. CTC Rs.2 to
Rs.4 dearer all round. Major blender, Pakistan, UK / EEC, Malaysia
CHITTAGONG: Good demand. Firm to 2 dearer
all round. Internal, Afghanistan active. Pakistan, CIS selective.
BLANTYRE: Good demand. BP1 / leafy PF1 generally
2-5 dearer. Best PF1 / F1 gained 5, medium & plain sorts advanced
8-10. PD / D1 firm to 2 dearer. Secondary Fannings 1-2 dearer, Dusts
5-7 easier. UK, RSA, Pakistan, Local buyers active.
Courtesy - vanrees.com