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XINHUA NEWS SERVICE REPORTS FROM THE AFRICAN CONTINENT

 

MOMBASA CENTRE - AFRICA TEA TRADE AUCTION AND MARKETS

Tea Auction No. 34 – 23rd - 24th August, 2016

Coastweek -- There was fair demand for the 115,065 packages (7,401,593 kilos) on offer at irregular levels.13.51% did not receive interest and were unsold.

Best BP1s available saw improved interest gaining upto USC16 while brighter categories were irregular varying between firm to USC8 dearer to easier by upto USC12 with mediums a weak feature and eased by USC2 to USC12 but a few lines were upto USC2 dearer.

Lower mediums met better absorption at USC2 to USC10 above last prices with plainer descriptions ranging between firm to USC10 easier but a few invoices appreciated with quality.

The best PF1s on offer gained upto USC22 with brighter varieties appreciating by USC6 to USC12 while mediums varied between USC2 to USC14 dearer to easier by upto USC18 and some lines remained without bids.

Lower mediums were generally firm on last rates while plainer sorts were barely steady to USC26 and more below last prices where sold.

The best PDUSTs in the market were discounted by upto USC15 with brighter categories easing by USC2 to USC12 while mediums were irregular varying between USC12 dearer to easier by similar levels.

Lower medium PDUSTs held value with plainer varieties irregular and ranged between USC2 to USC6 dearer to easier by similar rates.

Best DUST1s on offer met good absorption and gained upto USC8 while brighter categories varied between firm to USC14 above last rates to easier by upto USC6 with mediums firm to USC14 dearer but a few teas shed upto USC4.

Lower mediums were steady to USC8 dearer with plainer descriptions varying between firm to USC6 dearer to easier by upto USC12.

In the Secondary Catalogues BPs appreciated while PFs were irregular. Clean well sorted coloury Fannings and similar DUSTs appreciated. Other Fannings and DUSTS were firm. BMFs were well absorbed at dearer levels.

Yemen and other Middle Eastern countries lent strong support while Pakistan Packers, Afghanistan, Kazakhstan, other CIS states and Iran showed more activity with Sudan slightly more active.

Egyptian Packers maintained interest but there was less enquiry from UK and Bazaar.

Somalia was more active.

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