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COMMENTS

The Sri Lankan National average stood at Rs.597.61 per kg for the month of June 2017. This is significantly higher by Rs.164.38 to the Rs.433.23 achieved during the same month in 2016. The highest gains have been from the Low Grown (40%) followed by High Grown (35%) and Medium Grown (21%). The to-date (Jan-June) National Average stands at Rs.615.32 compared to the Rs.423.70 per kg achieved during the same period last year which is a substantial increase of 45%.


0.72 Mkgs of Ex Estate teas on offer met with good demand. The Western BOPs were firm to a little dearer following quality. The BOPFs too gained substantially as the sale progressed and there was good demand all-round. Nuwara Eliya BOPs were firm to a little dearer at times, whilst the BOPFs gained selectively. Uva/Uda Pussellawa BOPs gained on last levels, whilst the BOPFs too met with better demand. CTC BP1s from all elevations were firm, whilst the High and Medium Grown PF1s gained following quality, Low Grown varieties remained firm.

The 3.2 Mkgs of Low Growns that were on offer, met with fair demand. In the Leafy category, Select best and best OP1/BOP1s appreciated following quality, best types maintained last levels, secondaries declined sharply. Best OP/OPAs were firm, whilst the others declined several rupees. Pekoe/Pekoe1s maintained last levels. In the Small leaf segment, best BOP/BOP.SPs and BOPF/BOPF.SPs met with fair demand. Select best FBOPs maintained last level, whilst the best category appreciated a few rupees. There was fair demand at lower levels for FBOPF1s. All secondaries declined substantially. Premium Flowery teas maintained last levels.

Turkey, Russia and Iran lent good support with fair interest from Syria and Iraq. Libyan buyers continued to show less interest.

Even though

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Select best BOPs were dearer by Rs.10/- to Rs.20/-, whilst the below best and plainer varieties too appreciated by Rs.20/- to 30/-. Select best BOPFs gained Rs.30/- to Rs.40/- and more as the sale progressed, whilst the below best and plainer varieties too appreciated by a similar margin. Medium BOPs gained Rs.10/- to Rs.20/-, whilst the BOPFs were dearer by Rs.30/- to Rs.40/-.


BOPs were firm to a little dearer by Rs.20/- to Rs.30/- at times, whilst the BOPFs gained Rs.30/- to Rs.40/- selectively.




BOPs were dearer by Rs.10/- to Rs.20/-, whilst the BOPFs too were fully firm to dearer by Rs.20/- to Rs.30/- at times. Uda Pussellawa BOPs too followed a similar trend, whilst the BOPFs were tending a little dearer.

BP1s from all elevations were firm, whilst the High & Medium grown PF1s gained Rs.10/- to Rs.20/- and more. Low Grown PF1s were firm on last levels.

Good demand. Select best OP1s were firm, best and below best types improved slightly, poorer stalky invoices were substantially lower. Select best BOP1s were irregular, best and below best types were marginally dearer, poorer sorts were firm. Select best OPs were fully firm, best and below best types gained Rs.5/- to Rs.10/-, poorer sorts were slightly lower. Select best and best OPAs along with below best types were firm to dearer by Rs.5/- to Rs.10/-, secondary poorer types were lower by Rs.20/- to Rs.30/- and more at times. Select best and best shotty Pekoes were steady, bold types were dearer by Rs.5/- to Rs.10, flaky secondary types were lower. All Pekoe1s were fully firm. Select best BOPs gained Rs.5/- to Rs.10/-, whilst the best and below best types were firm, poorer sorts declined by Rs.10/- to Rs.15/-. Select best BOPF/BOPF.SPs were firm, best and below best types followed a similar trend, poorer sorts were irregularly lower. Select best BOP.SPs were firm, whilst the best and below best types were irregularly lower by Rs.5/- to Rs.10/-. Select best FBOPs were firm, whilst the best types appreciated by Rs.10/- to Rs.15/- and more following quality, below best types were firm, poorer sorts declined Rs.10/- to Rs.20/- and more. Select best and best FBOPF1s were irregularly lower by Rs.5/- to Rs.10/-, below best types declined further, poorer sorts met with a lower demand. Select best Tippy varieties were firm, whist the best and below best types followed a similar trend.

Select best and best Fngs1s were dearer by Rs.5/- to Rs.10/-, below best and poorer sorts were maintained on last levels. Select best and best BMs maintained last levels, whilst the below best and poorer sorts declined by Rs.20/- to Rs.30/-. All BPs appreciated by Rs.10/- to Rs.20/-. Select best and best BOP1As declined by Rs.10/- to Rs.20/-, below best and poorer sorts showed a similar trend.

Select best Dust1s were firm to dearer by Rs.10/- to Rs.20 and more at times, whilst the Dust types and cleaner secondary Dust1s were irregular by Rs.20/- to Rs.30/-. Low Grown CTCs declined by Rs.10/- to Rs.20/- whilst the High & Medium Grown CTCs met with an irregular demand where price levels varied between Rs.10/- to Rs.15/- on average. Low Grown Dust/Dust1s remained firm to dearer by Rs.5/- to Rs.10/-.




Average buying rate for the following currencies quoted by commercial banks for TT’s



USD : 151.44 GBP : 196.21 EURO : 171.83






BOP

BOPF

Good Westerns

600 – 780

620 – 650

Average Westerns

560 – 590

570 – 610

Plainer Westerns

500 – 550

520 – 560

Western Mediums

460 – 775

540 – 600


Uva Teas

530 – 740

510 – 650

Nuwara Eliya Teas

480 – 620

490 – 600

Udapussellawa Teas

510 – 580

500 – 590

CTC (BP1 and PF1)

470 - 560

460 - 740





Select Best

Best

Below Best

Others

LIQUORING












DUST-1


630.00-740.00

470.00-520.00

450.00-500.00

420.00-450.00

OFF GRADES













FGS1

490.00-560.00

430.00-450.00

390.00-400.00

360.00-370.00

FGS

500.00-620.00

400.00-420.00

380.00-390.00

350.00-360.00

LOW GROWNS











FBOPF/FFSP/EXSP

2000.00-2700.00

1100.00-1400.00

900.00-1050.00

680.00-780.00

BOP

760.00-780.00

650.00-680.00

500.00-550.00

420.00-450.00

BOPSP

750.00-780.00

620.00-680.00

490.00-530.00

430.00-460.00

BOPF

700.00-760.00

440.00-520.00

400.00-430.00

360.00-400.00


FBOPF1

680.00-710.00

630.00-660.00

500.00-560.00

420.00-460.00

FBOP

750.00-780.00

640.00-680.00

500.00-550.00

440.00-490.00

BOP1

800.00-830.00

790.00-800.00

760.00-780.00

670.00-750.00

OP1

890.00-1050.00

870.00-890.00

800.00-870.00


600.00-790.00

OP

730.00-800.00

710.00-730.00

700.00-710.00

560.00-670.00

OPA

670.00-765.00

630.00-660.00

580.00-620.00

480.00-580.00

PEKOE

730.00-865.00

650.00-700.00

580.00-630.00

540.00-580.00

PEKOE1

720.00-860.00

670.00-710.00

650.00-670.00

590.00-640.00






WESTERN HIGH

BOP




Adisham

780.00

BOPSP




Fordyce

590.00

BOPF/BOPFSP




Alton

650.00







Tillyrie

650.00







Waltrim

650.00

FBOP/FBOP1

*

Bogahawatte

690.00

FBOPF/FBOPF1




Torrington

700.00

BOP1




-




OP/OPA

*

St. Andrews

650.00







Torrington

650.00

OP1

*

Inverness

700.00







Torrington

700.00

PEKOE/PEKOE1




St. Clair

720.00




UVA HIGH

BOP


*

Glenanore

720.00

BOPSP

*

Spring Valley

700.00

BOPF/BOPFSP




Kelliebedde

610.00

FBOP/FBOP1




Mount Uva

740.00

FBOPF/FBOPF1




Battawatte

740.00







Oodoowerre

740.00







Spring Valley

740.00

BOP1




Battawatte

760.00

OP/OPA


Battawatte


710.00

OP1




Oodoowerre

740.00

PEKOE/PEKOE1

*

Haputale Super

750.00



UVA MEDIUM

BOP

*

Demodera “S”

740.00

BOPSP




Halpewatte Uva

770.00

BOPF/BOPFSP




Halpewatte Uva

650.00

FBOP/FBOP1




Halpewatte Uva

790.00

FBOPF/FBOPF1





Dickwella

740.00

BOP1




Halpewatte Uva

800.00

OP/OPA




Cecilton

680.00

OP1




Ambrosia Uva

720.00







Dickwella

720.00







Shawlands

720.00

PEKOE/PEKOE1




Hillmark Uva

800.00


WESTERN MEDIUM

BOP




Dartry Valley

775.00

BOPSP




Doombagastalawa

760.00

BOPF/BOPFSP




Vellaioya

600.00

FBOP/FBOP1




Doombagastalawa

820.00

FBOPF/FBOPF1




Craighead

780.00

BOP1




Craighead

820.00







Dartry Valley

820.00

OP/OPA




Dartry Valley

680.00





Harangalla

680.00







New Baddegama

680.00







West Field

680.00

OP1




Harangalla

810.00

PEKOE/PEKOE1

++

Harangalla

820.00



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