LANKA COMMODITY BROKERS LTD
TEA MARKET REPORT
SALE NO. 18 - OF 11TH / 12TH MAY, 2010
With the focus being more and more Industries going Green in the world in a bid to save planet
earth, tea has become an extremely ecologically friendly commodity. What comes from the earth is
indeed returned to the earth. In many teas growing countries inferior teas are not sold, but added to
the compost pile which ensures the enrichment of the soil. Clipping from the pruning fields are also
left undisturbed as it helps the soil to retain moisture, control the growth of weeds, and prevents soil
erosion. The remaining branches from heavy pruning are given to the workers for their food
preparation needs, and therefore nothing goes waste on the Tea Estates. Tea producing countries in
fact were very much aware of their responsibilities towards the environment much before the
developed countries began to focus their attention on Global Warming.
In the western world people are attracted to the inherent health benefit offered by Tea. Wellness is
therefore on the minds of consumers when they make their choices of tea in many and varied packs
as they are aware that the health benefits of teas will endure forever. The health benefits date back
to thousands of years as opposed to much of today‟s fast foods that will be remembered only until
they are replaced tomorrow.
Tea is an ancient commodity which has earned much respect in places like China and Japan in
particular, where consumption itself is almost a sacred ceremony. The future for tea is indeed
exciting than ever before. It is time that the challenge is taken to offer the end user, a tea with the
most enduring quality, with the enjoyable taste that is always associated with fresh teas. Our future
marketing strategy should be to get an almost garden fresh tea to the Consumer‟s Cup.
Quantity: This week‟s auction comprised of 10,337 lots with a total quantity of 6,822,172 kgs.
The catalogue-wise breakdown was as follows:-
LOTS QUANTITY (KG)
Low Grown – Leafy 2,766 1,362,287
Tippy / Small Leaf 2,118 1,429,679
Main Sale – High & Medium 1,386 827,406
Off Grades 1,789 1,151,708
Dusts 573 601,240
Supplementary 422 82,144
Ex-Estate 1,283 1,367,708
Total 10,337 6,822,172
Quality: Low Growns were irregular. A selection of High Growns teas were maintained, whilst others
showed a decline.
Demand: There was good demand at lower levels.
LEAFY Best Below Others
BOP1 Select best on offer tended irregular, whilst the balance 500-555 380-390 310-335
was generally firm. Teas at the bottom gained Rs. 5/-.
OP1 Select best invoices maintained; balance tended irregular. 525-600 390-400 275-330
A selection of cleaner teas in the secondary category advanced
Rs. 5-10/-. Teas at the bottom on average gained Rs. 5-10/-.
OP Best on offer which gained Rs. 5-10/- at the 425-485 375-385 275-330
commencement, tended irregular and were mostly
lower towards the close. Cleaner secondary types
gained Rs. 5-10/-. Poorer teas were fully firm to
Rs. 5/- dearer.
OPA Best on offer tended irregular specially towards 440-490 375-385 275-330
the latter part of the sale. Cleaner teas in the below
best category advanced Rs. 5-10/-, balance was fully firm.
Teas at the bottom were fully firm to Rs. 5/- dearer.
PEK Well made shotty invoices were irregularly lower; balance 525-650 400-415 335-345
which commenced Rs. 5-10/- dearer, tended irregular and lost
Rs. 5-10/- towards the close. Bolder types too were irregularly lower
particularly as the sale progressed. Teas at the bottom on average
declined Rs. 5/-.
TIPPY / SMALL LEAF Best Below Others
BOP/BOPS Teas in the best category eased Rs. 10-15/- and 460-590 350-380 320-345
at times more as the sale progressed, whilst below
best teas eased Rs. 5-10/-.
BOPF Were easier. 330-425 270-300 260-280
BOPFS Were easier. 350-450 300-350 270-290
FBOP / FBOP1 The select best teas eased Rs.10-20/- and at 485-1000 350-420 320-345
times more as the sale progressed, whilst below
best teas eased Rs.5-10/-.
FBOPF1 Teas in the best category eased Rs.10-20/- and 480-700 360-415 315-350
at times more as the sale progressed.
FBOPF Except for few bright Tippy teas, the balance eased 475-1410 310-350 250-310
Rs. 25-50/- and at times more.
FBOPF SP / EXSP Allround showed and irregular market 2000-4950 1500-2000 300-1500
and dropped Rs. 30-50/- on average.
BOP Best Westerns declined Rs.15-20/- per kg, whilst below best and plainer teas declined Rs. 10-15/-.
Bottom level teas declined Rs. 20/- and more. Nuwara Eliyas eased Rs. 20-30/-.
Uvas/ Uda Pussellawas declined Rs. 15-20/- and more for poorer leaf teas.
BOPF Coloury Best Westerns declined Rs. 30-40/-, whilst below best descriptions lost Rs. 20-30/- per kg.
Nuwara Eliyas commenced firm, but were later lower up to Rs. 10/- per kg. Brighter Uda
Pussellawas lost Rs. 20-30/-, whilst others declined more as the sale progressed.
Quotations (Rs./Kg) BOP BOPF
This Week Last Week This Week Last Week
Best Westerns 380-400 400-425 385-430 395-425
Below Best Westerns 360-375 370-390 365-375 375-390
Plainer Westerns 320-340 350-365 350-360 355-370
Nuwara Eliyas 315-370 345-485 300-340 320-340
Uda Pussellawas 350-400 385-415 340-365 355-385
Uvas 350-430 365-435 300-380 340-395
BOP Declined Rs.10-15/- per kg.
BOPF Prices eased Rs. 20/- and more.
Quotations (Rs./Kg) BOP BOPF
This Week Last Week This Week Last Week
370-470 365-420 320-385 375-400
OFF GRADES : Bst liquoring FNGS/FNGS1‟s appreciated by Rs.10-20/-. Cleaner Low Grown
FNGS/FNGS1‟s gained up to Rs.10/-, whilst below best teas maintained last levels.
Cleaner well made BM‟s were fully firm to dearer.
DUST: Best liquoring D/D1‟s met with good demand and appreciated by Rs. 10-15/- and at times more,
whilst poorer sorts also met with fair demand. Low Grown Cleaner D/D1‟s met with good demand
and gained Rs. 10-20/-, whilst poorer sorts held last week‟s levels.
PF1 High & Medium Grown teas declined Rs.25-40/- per kg, whilst Low Growns lost Rs.20-30/- and at
times more as the sale progressed.
BP1 High & Medium Grown descriptions declined Rs.10-15/- per kg. Low Growns were firm.
Quotations (Rs./Kg) PF1 BP1
This Week Last Week This Week Last Week
CTC High 310-385 355-410 320-380 320-355
Medium 290-365 325-405 345-370 320-385
Low Grown 370-590 350-600 410-440 300-440
TOP PRICES – (RS/KGS) – SALE OF 11TH/12TH MAY, 2010
Western High Uva High Low Growns
Weddemulla BOP1 425 Craig BOP1 475 Hiniduma SH BOP1 555
Somerset BOP 440 Bandara Eliya BOP 395 *Sithaka OP1 600
Strathspey BOPF / BOPF SP 430 MT.Uva BOP SP 435 Sihara OP 485
Weddemulla FBOP / FBOP1 475 Bandara Eliya BOPF / BOPF SP 370 *Arbour Valley OP 475
Weddemulla FBOPF / FBOPF1 465 Uvakellie FBOP / FBOP1 470 *Bogoda Group OP 470
Labookellie PEK / PEK1 460 Oodoowerre FBOPF / FBOPF1 460 Gunawardane OPA 490
Weddemulla OP1 480 Craig PEK / PEK1 455 Tea Bank PEKOE 650
Tymawr OP / OPA 385 Craig OP1 435 Kurunduwatte PEKOE1 630
Tymawr / Craig / *Andaradeniya Sup PEKOE1 600
Torrington OP / OPA 365 *Poilakanda OP / OPA 375 Hidellana BOP 590
*Mount Harrow OP / OPA 360 *Kehelwala BOPF 425
Uva Medium Kelani BOPF 390
Sarnia Plaiderie BOP1 475 *Coolbawn BOPF 355
Western Medium Aigburth BOP 475 Stream Line BOPSP 570
Kenilworth / Halpewatte Uva BOP SP 445 Kelani BOPSP 520
Imboolpitiya BOP1 520 El Teb BOPF / BOPF SP 380 *Andaradeniya Sup BOPSP 510
Doombagastalawa BOP 500 Dickwella / Meddekanda Wewelkandura Sup BOPFSP 450
Imboolpitiya BOP SP 520 Pettiagalla FBOP / FBOP1 485 New Vithanakanda BOPFSP 445
Rilagala BOPF / BOPF SP 435 Sarnia Plaiderie / *Kehelwala BOPFSP 440
Craighead / Glen Alpin FBOP / FBOP1 475 *New Sunils FBOP 700
Doombagastalawa FBOP / FBOP1 530 *Halpewatte Uva FBOP / FBOP1 465 *Manikkanda FBOP1 1000
Imboolpitiya / Meddekanda FBOPF / FBOPF1 510 Magedara FBOPF 1410
Craighead FBOPF / FBOPF1 520 Sarnia Plaiderie PEK / PEK1 465 Daduwngala FBOPF1 700
Craighead PEK / PEK1 465 Dickwelle OP1 480 *Arbour Valley FBOPF1 690
Imboolpitiya OP1 465 Shawlands OP / OPA 460 *Andaradeniya Sup FBOPF SP 1700
*Dartry OP1 420 Etambagahawila FBOPF SP 1700
Craighead OP / OPA 405 Uda Pussellawa Galaxy FBOPF EX SP 1820
Monte Cristo OP / OPA 390 Gonapitiya BOP 400 *Yalta FBOPF EX SP 1770
*Dartry OP / OPA 380 *Ragalla BOP 390
Ragalla BOPF 365 Supplementary
New Falcon Lanka FBOP 1460
Kellapatha FBOP1 1320
Nuwara Eliya Singhe Valley FBOPF 1010
Mulatiyana Hills FBOPF1 2060
Kurunduwatte FBOPF SP 3400
Lovers Leap BOP 370
Brombil FBOPF EX SP 4950
Mahagastotte BOPF 340
HIGH MEDIUM LOW GROWN
PF1 *Florence 385 *Carolina 365 *Kalubowitiyana 590
OF - - -
BP1 Florence 380 Madulkelle 370 Kalubowitiyana 440
BPS *Florence 380 *Carolina 340 -
* Sold by Lanka Commodity Brokers Ltd. ++ All Time Record
COLOMBO AUCTION – GROSS SALE AVERAGES
Sale No. 17 of 05th May, 2010
Weekly Month Year Weekly Year
To-date To-date To-date
Uva High Grown 330.86 330.80 336.09 265.14 243.19
Western High Grown 353.86 354.31 369.32 270.95 274.68
High Grown 346.59 346.91 359.94 268.40 265.30
Uva Medium 357.74 358.14 353.97 323.26 278.61
Western Medium 326.81 328.04 345.10 277.77 257.41
Medium Grown 339.94 340.86 348.43 299.12 265.78
Low Grown 401.01 401.07 396.27 405.76 333.92
Total 377.73 377.77 380.94 358.04 307.13
===== ===== ===== ==== =====
DETAILS OF TEAS AWAITING SALE
Sale of 17th/18th May’10 Sale of 21st/24th May’10
Lots Qty (Kgs) Lots Qty (Kgs)
Low Grown Leafy 3,529 1,916,906 2,758 1,471,700
Low Grown Tippy 2,781 2,031,990 2,090 1,455,178
High & Medium 1,460 902,249 1,017 625,668
Off Grades 1,875 1,212,871 1,584 1,032,521
Dusts 473 499,795 471 472,110
Supplementary 361 67,057 285 52,878
Ex-Estate 1,278 1,364,316 1,285 1,373,362
Total 11,757 7,995,184 9,490 6,483,417
===== ======= ==== =======
Weekly Private Sale Figures (From 03/5/2010 – 08/05/2010) - 80,439.00 kgs
Cumulative - 868,767.55 kgs
IMPORTANT NOTICE TO PRODUCER CLIENTS
The Main Sale catalogues are now closing well ahead of the scheduled dates of closing, in view of the
increased crop intakes.
Producers are therefore advised to ensure that their teas are forwarded to our Colombo Stores as
quickly as possible, in order to avoid teas from being shut-out from weekly closing catalogues.
FUTURE CLOSING CATALOGUES
Sale No. 21 of 1st /2nd June, 2010
The Main Sale catalogues are scheduled to close on 14th May, 2010, but are expected to close ahead of
schedule, whilst the Ex- Estate catalogue will close on 13th May, 2010.
Sale No. 22 of 8th/9th June, 2010
The Main Sale catalogues are scheduled to close on 21st May, 2010, but is likely to close ahead of schedule,
in view of increased arrivals, whilst the Ex- Estate catalogue will close on 20th May, 2010.
-/Cont‟d … (P6)
BROKERS’ ORDER OF SALE
Auction of 17th May, 2010 Auction of 18th May, 2010
Main Sale Ex-Estate Sale
Asia Siyaka Commodities (Pvt) Ltd Eastern Brokers Ltd
John Keells Ltd Lanka Commodity Brokers Ltd
Mercantile Produce Marketing (Pvt) Ltd Mercantile Produce Marketing (Pvt) Ltd
Forbes & Walker Tea Brokers (Pvt.) Ltd John Keells Ltd
Eastern Brokers Ltd Ceylon Tea Brokers (Pvt.) Ltd
Ceylon Tea Brokers (Pvt.) Ltd Bartleet Produce Marketing (Pvt.) Ltd
Lanka Commodity Brokers Ltd Asia Siyaka Commodities (Pvt) Ltd
Bartleet Produce Marketing (Pvt.) Ltd Forbes & Walker Tea Brokers (Pvt.) Ltd
LCBL APPROXIMATE SELLING TIMES – SALE NO.19
Monday 17th May, 2010 Tuesday 18th May, 2010
Low Grown Tippy : 5.00 p.m. Low Grown Leafy : 8.00 a.m.
High & Medium : 12.45 p.m. Off Grades : 11.15 a.m.
Supplementary : 4.15 p.m. BOP1A : 3.15 p.m.
Dust : 4.00 p.m.
Ex-Estate : 8.30 a.m.
“WHAT FOR THE TELLING!”- Interview
In ‟those‟ days.. the sixties, estate schools were managed by the estate. On El Teb Group we had the one and only
teacher who acted as Principal/Vice – Principal all rolled into one. We advertised for an Asst. Teacher to cope with
the increasing number of kids. We cannot forget one talkative but bubbly applicant whose English was obviously
„Book Learnt‟. He was interviewed by my Manager Michael Clarke. The interview went like this:
Good morning young man, I hope you are aware that if you are selected we might post you to a remote
“Apoi Sir, don‟t post me, I can go by van.”
I see you have a credit in English, you must have had a good teacher.
“Oh yes, all at the tutory told same thing.”
“Yes Sir, he was our school English teacher, taking leave all the time to teach at the tutory, so we had to cut school to
go there and learn English.”
What a state of affairs!
“Sir, how do you know that?”
“That he had affairs at the tutory? Aiyo sir, it wasn‟t his fault. Some of the girls were very fast.”
Only those who came by bicycle. The CTB girls were slow.”
Young man, are you familiar with Gandhi or Nehru?
“Aiyo Sir, I don‟t want to be familiar with anyone. Must keep the distance.”
My dear young man, I am afraid you are not the type……
“Don‟t be afraid sir, I can type.”
Thank you young man, if we need you we will write to you.
“Alright Sir, I also will write to you, then I will go and come.”
May 12, 2010.