ECONOMYNEXT – Sri Lanka’s tea prices across categories fell at the third auction of 2024 on January 16-17 after almost two months of gains, while certain grades within the categories gained, market data showed.
The weekly sale average price fell by 26.52 rupees to 1248.22 rupees a kilogram, according to industry data published by Ceylon Tea Brokers.
In the third week 4.6 million kilos were sold by public auction.
High Grown Teas
High Grown BOP teas went up with Best Westerns going up by 50 to 100 rupees. Plainer categories gained by 70-80 rupees.
Hardly any offerings from Nuwara Eliya’s and Uda Pussellawa’s fell.
The high grown sale average was down by 4.96 to 1,082.30 rupees a kilo.
Medium Growns
BOP1, Select were up by 50 rupees whilst others remained unchanged. OP1, Select best held firm whilst others gained by 50 rupees.
OP/OPA Select best fell by 50 rupees and Best fell by 20 rupees.
PEK Select Best and bests fell by 50 rupees, PEK1 – Select best fell by 50 rupees.
FBOP/FBOPF1 Select best and bests gained by 50 rupees.
The medium grown sale average was down by 9.91 rupees to 1,055.82 rupees.
Low Growns
BOP1 Select best fell, whilst the best and below best gained.
OP1 Select Bests were firm to lower while Best, Below Best gained.
PEKOE/PEKOE1 Select best together with a full range of bold PEK’s were irregular.
FBOP/FBOP1 Select best were were firm.
The Low Growns average fell by 33.92 rupees to 1356.22 rupees per kilogram.
(Colombo/Jan19/2023)