Print This Page
Weekly market report

  

Week 43, 2014                                                            

 

Tea market report 20–24 October, 2014

 

More mixed fortunes around the globe this week. Fair demand in Mombasa at irregular rates with some up and some down, but with quite a chunk out listed which continues to show that buyers struggle to absorb it all. Malawi’s auction continues its two tier trend with a lot of old/poorer sorts proving hard to move. Operators in Sri Lanka acted cautious as they realize that it is quite easy to get caught at the wrong end of the price spectre, as this market stays highly volatile. The rally High Grown’s have shown in recent weeks has come to a halt whilst LG’s and off grades showed a mixed picture. Indonesia drifted easier and also here we see a lot of tea coming out unsold. North India saw better teas selling well but the bottom isn’t strong and in the south, going rates prove hard to sustain and prices drifted easier.

 

Three large export engines of tea; East Africa, North India and Sri Lanka continue to churn out a lot of tea. Growing conditions are normal to better than average and with the seasons in Central Africa and Argentina around the corner (and expected to be off to a good start), black tea production will stay healthy till the end of the year. It is also likely we’ll see a substantial carry over into the New Year which again are all strong indicators that at the start of 2015 we’ll see this soft trend continue. What is needed is a good, old fashioned, cold winter in the north and hot tea to keep people warm!

 

Rings a bell?:

 

"Advice is what we ask for when we already know the answer but wish we didn't."



To read the full report, please download the PDF file:


Download button

Download market reports
Select market reports 2014:


Select market reports 2013:


Select market reports 2012:


View market graphs

Weekly auction prices

Weekly Auction Prices image

View Graph button image



Quarterly tea production

Quarterly Tea Production image

View Graph button image