CEYLON TEA BROKERS PLC

Sale No. 11– Sale of 13th / 14th March 2018

Level 7, Millenium House, No.46 /58, Nawam Mawatha, Colombo 2.

Tel: 011-4607777 Fax: 011-4607788

______________Email:general@ceylonteabrokers.com:Web:www.ceylonteabrokers.com_____________

C O M M E N T S

This week a total quantity of approximately 6.2 m kg was offered at the auction. The Ex estates consisted approximately 1.0 m kg and met with less demand. The overall quality was similar to last week levels. Best western BOP/BOPFs maintained last week levels. Below best western BOP/BOPFs declined Rs. 20-30 per kg.

Nuwara –Eliya BOP/BOPFs sold firm to dearer. Uvas / Udupussellawa BOP/BOPFs declined Rs. 10-20 per kg.

CTC High grown BP1 declined Rs. 30 per kg whilst medium grown BP1s sold irregularly lower. Low grown BP1s gained Rs. 20-30 per kg. High grown PF1s better sorts declined Rs. 20-30 per kg whilst medium grown PF1s was lower by a similar margin. Low grown PF1s declined Rs. 10-20 per kg. Medium Grown Orthodox were firm whilst liquoring FBOPs were marginally dearer. Low grown consisted approximately 2.6 m kg in the leafy and tippy catalogues and met with good demand. Select best

OP1s sold Rs. 50 per kg dearer whilst the below best sold Rs. 20-30 per dearer. Select best OP/OPAs sold dearer by Rs. 10

per kg whilst below best OP/OPAs sold firm on last. Below best BOP1s sold dearer whilst the others declined all-around.

PEK1s gained Rs. 10-20 per kg dearer whilst bold PEKs gained by Rs. 10 per kg.

In the small leaf/ tippy catalogue, select best FBOPs were lower except for few select invoices. Below best and best were

firm on last. Others and poorer sorts were lower by Rs. 10-20 per kg. Well-made FBOPF1s shed Rs. 10-20 per kg and others

by Rs. 20-30 per kg whilst overall FBOPF1 market were easier by Rs. 10-20 per kg. FBOPF market showed an improvement.

Premium market showed a very lower demand.

This week’s Mombasa auction met with less demand & the unsold quantity was 11.72 % Global Brent Crude oil price recorded to $ 64.62 per barrel. CROP AND WEATHER- (For the period 06th – 12th March 2018)

Westerns, Udapussellawas and Nuwara Eliyas experienced bright mornings with evening showers throughout the week.

Uva experienced wet weather throughout the week.

Low growns, both Ruhuna and Sabaragamuwa reported bright mornings with evening showers.

Crop intake, Udapussellawa and Uva regions recorded an increase in the crop intake whilst Western and Nuwara Eliya

regions maintained. Low Growns both Ruhuna and Sabaragamuwa maintained.

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH

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MARCH 2018

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Currency Board– As at 14th March 2018 (Weighted Average Rate)

SRI LANKA RUPEE AGAINST US DOLLAR –TIME PERIOD: 08/03/2018 to 14/03/2018 (Weighted Average Rate)

(Source:www.oanda.com / CBSL)

QUANTITY SOLD DURING THE PERIOD (05th – 10th March 2018)

2018 2017

WEEKLY TODATE WEEKLY TODATE

PRIVATE SALES 63,610 559,874 47,669 552,485

PUBLIC AUCTION 5,118,208 7,375,403 4,823,415 58,995,845

FORWARD CONTRACTS - - - -

DIRECT SALES 44,310 300,871 17,615 288,601

TOTAL 5,226,128 58,236,149 4,888,699 59,836,931

BMF EXCLUDED FROM PRIVATE SALE 414,153 1,884,133 362,121 1,499,599

United States Dollars (USD) European Community Euro (EUR) United Kingdom Pounds (GBP)

2018

Corresponding 2017

2018

Corresponding 2017

2018

Corresponding 2017

Sri Lankan Rupee 155.76 151.35 193.29 161.26 217.98 184.74

Indian Rupee 64.80 66.39 80.08 70.89 90.26 81.01

Kenyan Shilling 100.33 100.77 123.99 107.60 139.75 122.96

Bangladesh Taka 82.67 79.15 102.16 84.52 115.15 96.58

Indonesian Rupiah 13,736.50 13,351.10 16,975.80 14,256.10 19,133.30 16,291.20

Malawi Kwacha 714.89 712.63 883.47 760.93 995.75 869.55

Vietnam Dong 22,690.00 22,421.80 28,040.70 23,941.50 31,604.40 27,359.20

08/03/2018 155.27 12/03/2018 155.48 14/03/2018 155.76

09/03/2018 155.54 13/03/2018 155.61

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH

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MARCH 2018

p

Drier tray perforation size must suit the process. Too large or small will result in excessive fall through or under firing.

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ORDER OF SALE – SOLD THIS WEEK

EX-ESTATE H&M/OFF GRADE/DUST LEAFY/TIPPY/PREM & BOP1A

HIGH GROWN TEAS

MEDIUM GROWN TEAS

BOP Rs.20-30/- per kg lower.

BOPF Firm to marginally easier.

OP/OPA Better OP/OPA's were easier Rs.10/- per kg, others were fully firm.

PEKOE/PEKOE1 PEK1's were firm to dearer. PEK's sold at last levels.

FBOP/FBOPF1 Select best FBOP's appreciated Rs.10/- per kg. Below best sold at last. Poorest firm to marginally easier. Select best and below best FF1's firm on last. Poorer sorts easier Rs.10/- per kg.

CTC

HIGH GROWN BP1s - Up to Rs.30/- per kg lower. PF1s - Better sorts Rs.30-40/- per kg easier, others Rs.10-20/- per kg lower.

MEDIUM GROWN BP1s - Irregular. PF1s - Better sorts up to Rs.30/- per kg lower, others firm. LOW GROWN

BP1s - Rs.20-30/- per kg dearer. PF1s - Declined Rs.10-20/- per kg and more for the below best and poorer sorts.

LC Eastern Brokers LTD Mercantile Produce Brokers(Pvt) Ltd CTB Ceylon Tea Brokers PLC Forbes & Walker Tea Brokers (Pvt) Ltd BA Lanka Commodity Brokers Ltd Eastern Brokers LTD JK Bartleet Produce Marketing (Pvt) Ltd Lanka Commodity Brokers Ltd MB Forbes & Walker Tea Brokers (Pvt) Ltd John Keells PLC

ES Mercantile Produce Brokers(Pvt) Ltd Asia Siyaka Commodities PLC AS Asia Siyaka Commodities PLC Ceylon Tea Brokers PLC FW John Keells PLC Bartleet Produce Marketing (Pvt) Ltd

CATALOGUE LOTS QTY (KGS)

EX- ESTATE 913 1,040,767

HIGH AND MEDIUM 1,224 602,837

LOW GROWN (L) 3,604 1,599,701

LOW GROWN (S) 1,978 1,087,150

OFF GRADES+BOP1A 2,141 1,162,390

DUSTS 611 641,964

PREMIUM FLOWERY 434 83,134

TOTAL 10,905 6,217,943

BOP Best Westerns – Few selected invoices maintained whilst others declined irregularly. Below best brighter sorts together with Plainer types declined Rs.30-50/- per kg. Udapussellawas declined Rs.20/-30/- per kg. Uvas - were generally easier.

BOPF

Best Westerns – Few well-made teas maintained whilst others dropped by Rs. 20/-30/- Below Best and plainer types dropped by 20/-40/- mostly difficult of sale Nuwara Eliyas - declined Rs.20/- per kg. Uva/Udapussellawas declined Rs.30-40/- per kg.

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH

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MARCH 2018

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LOW GROWN

BOP1 A range of best and below best BOP1s were firm to dearer. Others and the teas at the lower end

were easier.

OP1 A few select best teas together with a range of clean/improved below best were firm to selectively

dearer. All others were irregular and lower. At the lower end prices were generally firm.

OP High priced OP's were barely steady. Others and a selection of better OP's were fully firm to

marginally dearer. Balance were easier following quality. At the lower end prices were fully firm

to dearer.

OPA A range of select best together with improved below best were firm to marginally dearer. Balance

were irregular and lower. At the lower end prices were fully firm to dearer.

PEKOE / PEKOE1 PEK1's were fully firm to dearer at times by Rs. 10-20/-. A selection of well-made PEK's together

with the bolder types too were firm to dearer whilst others were barely steady.

FBOP /FBOP1 Select best and best FBOPs appreciated. Cleaner below best sorts too gained. Others and teas at

the bottom were irregular.

BOP Select best and best BOP's were firm. Cleaner below best sorts were firm to dearer. Others and

teas at the bottom were irregularly lower.

BOPF A few select best were firm to dearer. Best maintained. Cleaner below best sorts were dearer.

Others were irregular and mostly lower.

FBOPF/FBOPF1 Tippy teas particularly the leafier sorts appreciated whilst the smaller varieties were discounted.

Cleaner well-made teas in the best and below best too maintained. Others were irregular and

mostly lower.

QUOTATIONS – High Growns BOP BOPF

BEST WESTERNS 630 920 640 780

BELOW BEST WESTERNS 610 620 620 630

PLAINER WESTERNS 590 600 580 610

NUWARA ELIYAS 660 920 630 780

UDAPUSSELLAWAS 590 680 580 640

BEST UVAS 630 790 630 720

OTHER UVAS 590 600 620

GOOD MEDIUMS 700 840 650 670

POOR MEDIUMS 640 530 590

QUOTATIONS – Unorthodox (CTC) PF1 BP1

CTC (High & Medium) 475 590 480 570

CTC (Low) 450 860 300 750

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH

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MARCH 2018

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OFF GRADES FGS/FGS1 Best varieties declined Rs. 30/- per kg and more. Below best sorts were lower Rs. 15-20/- per kg towards the closure of the sale

whilst poorer sorts were dearer Rs. 20-30/- per kg. Low Growns - Best varieties were firm on last whilst below and poorer sorts gained Rs. 10/- per kg. CTC poorer sorts sold Rs. 20-30 per kg lower whilst other were dearer by Rs. 20 per kg.

BM/BP BM's – Best together with the below best varieties were lower by Rs. 30-40 per kg whilst poorer sorts gained. Rs. 10-20/- per kg.

BP's - Best together with the below best varieties were firm to Rs. 10/- per kg dearer whilst poorer sorts were irregularly lower.

BOP1A Selected lots in the best category sold firm, whilst the others met with less demand and sold Rs. 20-30 per kg easier. Below best sold firm to

irregularly lower whilst the poorer sorts met with good demand.

DUST

DUST1 Best high growns dust 1 were lower by Rs. 10-20 per kg. Below best declined further. Best mediums declined further.

CTCs all-around were lower by Rs. 20 per kg and more. Best and below best low growns were lower by Rs. 10 per

kg. Poorest on offer declined further.

DUST Clean secondaries declined by Rs. 20 per kg. Below best were lower by Rs. 10 per kg. CTCs declined by Rs. 20 and

more. Low growns were firm to easier.

QUOTATIONS SELECT BEST BEST BELOW BEST OTHERS

BOP1 840-1000 780-820 670-750 Below 650

OP1 900-1150 780-880 680-760 Below 630

OP 700-760 650-680 570-640 Below 550

OPA 720-880 650-690 550-630 Below 530

PEKOE 800-880 750-790 660-730 Below 600

PEKOE1 870-980 780-850 680-750 Below 620

FBOP1 760-800 700-740 620-690 Below 600

FBOP 800-900 700-770 610-690 Below 600

BOP 780-820 670-760 610-660 Below 600

BOPF 740-780 660-720 610-650 Below 600

FBOPF1 760-850 680-740 620-660 Below 610

FBOPF 760-900 660-740 550-640 Below 600

FBOPFSP/FBOPFEXSP1 1800-2300 1100-1600 850-1000 Below 800

QUOTATIONS HIGH MEDIUM LOW

BETTER FNGS 500 570 490 530 430 490

OTHER FNGS 370 500 350 480 340 440

P.FGS (CTC) N/A N/A N/A N/A 330 730

BP 330 560 340 640 340 600

BM 350 500 340 520 320 600

BOPIA 440 520 405 590 390 740

QUOTATIONS HIGH MEDIUM LOW

BETTER PRIMARY DUSTS 580 840 430 640 400 630

SECONDARY DUSTS 350 460 300 410 320 370

PDUST (CTC) 530

620 440 600 430 750

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH

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MARCH 2018

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TOP PRICES - SALE OF 13TH

/ 14TH

MARCH 2018

UVA MEDIUM

Attampettia BOP 790.00 Halpewatte Uva BOPSp 710.00 El Teb BOPF/BOPFSp 640.00 Attampettia BOP1 740.00 Dickwella BOP1 740.00 Sarnia Plaiderie FBOP/FBOP1 860.00 Attampettia FBOPF/FBOPF1 770.00 Shawlands FBOPF/FBOPF1 770.00 Rathkelle Uva FBOPF/FBOPF1 770.00 Dickwella FBOPF/FBOPF1 770.00 Halpewatte Uva FBOPF/FBOPF1 770.00 Wewesse FBOPF/FBOPF1 770.00 Halpewatte Uva OP/OPA 660.00 Aigburth OP1 860.00 Dickwella PEK/PEK1 860.00 Halpewatte Uva PEK/PEK1 860.00

UVA HIGH

Bandaraeliya BOP 790.00 Ampittiakande BOPSp 760.00 Nayabedde BOPF/BOPFSp 720.00 Uva Highlands BOP1 780.00 Uva Highlands FBOP/FBOP1 780.00 Ampittiakande FBOP/FBOP1 780.00 Uva Highlands FBOPF/FBOPF1 770.00 Battawatte OP/OPA 700.00 Oodoowerre OP1 700.00 Uva Highlands PEK/PEK1 840.00

UNORTHODOX HIGH

Florence PF1 575.00 Dunsinane CTC BP1 520.00 Dunsinane CTC BPS 780.00 **

UNORTHODOX MEDIUM

Delta CTC PF1 590.00 Delta CTC BP1 570.00 Strathdon BPS 690.00

UNORTHODOX LOW

Hingalgoda CTC PF1 860.00 Ceciliyan CTC BP1 750.00 ** Nildalukanda BPS 430.00

Low grown Contd.

Mulatiyana Hills BOP1 1,050.00 @ Peak View Super BOP1 1,000.00 @ A.C.U Super BOP1 1,000.00 @ New Nandana BOP1 990.00 @ Gunawardena OP1 1,170.00 A.C.U Super OP1 1,150.00 @ Peak View Super OP1 1,150.00 @ Lickra OP1 1,150.00 @ Lakwinka OP1 1,150.00

Mulatiyana Hills OP 800.00 @ Mulatiyana Hills OPA 910.00 @ Gunawardena OPA 910.00 Matuwagalla Super OPA 900.00 @ Liyonta PEK 970.00 * Matuwagalla Super PEK1 990.00 @**

WESTERN MEDIUM Craighead BOP 820.00 Kenilworth BOPSp 840.00 Vellai Oya BOPF/BOPFSp 670.00 Dartry Valley BOP1 850.00 Kenilworth FBOP/FBOP1 1,000.00 Harangalla FBOPF/FBOPF1 840.00 Dartry Valley FBOPF/FBOPF1 840.00 Dartry Valley OP/OPA 680.00 Ancoombra OP1 760.00 Craighead PEK/PEK1 870.00 Harangalla PEK/PEK1 870.00 Dartry Valley PEK/PEK1 870.00 WESTERN HIGH Somerset BOP 920.00 Bearwell BOPSp 710.00 Somerset BOPF/BOPFSp 780.00 Weddemulla BOP1 670.00 @ Inverness FBOP/FBOP1 960.00 Inverness FBOPF/FBOPF1 860.00 Inverness OP/OPA 700.00 Inverness OP1 740.00 Inverness PEK/PEK1 800.00 NUWARA ELIYAS Lovers Leap BOP 920.00 Court Lodge BOPF/BOPFSp 780.00 Mahagastotte FBOP/FBOP1 1,100.00 Lovers Leap OP/OPA 660.00 Court Lodge PEK/PEK1 960.00

UDAPUSSELLAWAS

Kirklees BOP 680.00 High Forest BOPF/BOPFSp 620.00 Kirklees BOPF/BOPFSp 620.00 Alma BOP1 780.00 Delmar FBOP/FBOP1 750.00 Alma FBOPF/FBOPF1 780.00 Alma OP/OPA 610.00 Alma OP1 770.00 Alma PEK/PEK1 850.00 **

LOW GROWNS

New Hopewell BOP 840.00 Sithaka BOP 840.00 Garden Leaf BOP 840.00 Sithaka BOPSp 850.00 Ceciliyan BOPF 780.00 Brombil BOPFSp 780.00 @ New Deniyaya BOPFSp 750.00 @ Peak View Super BOPFSp 720.00 @ Broadlands BOPFSp 720.00 Pothotuwa FBOP 960.00 Brombil FBOP1 860.00 @ Nilgiri FBOP1 800.00 @ New Vithanakanda FBOP1 800.00 Rotumba FBOP1 800.00 New Nivithigala FBOP1 800.00 Lucky Pinnaduwa FBOPF 1,000.00 Brombil FBOPF1 890.00 @ Lions FBOPF1 880.00 @

DENOTES – CEYLON TEA BROKERS PLC [@] / ALL TIME RECORD PRICE [**] / EQUAL ALL TIME [*]

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH / 14TH MARCH 2018

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Ex-Estate H/M-OFF GR & DUST LEAFY/TIPPY/PREM & BOP1A Our Selling Time

CTB Ceylon Tea Brokers PLC Forbes & Walker Tea Brokers (Pvt) Ltd 20TH MARCH 2018 BA Lanka Commodity Brokers Ltd Lanka Commodity Brokers Ltd High & Medium 8.00 a.m JK Bartleet Produce Marketing (Pvt) Ltd John Keells PLC Low Grown(leafy) 3.00 p.m MB Forbes & Walker Tea Brokers (Pvt) Ltd Eastern Brokers LTD Low Grown(Tippy) 12.30 p.m ES Mercantile Produce Brokers(Pvt) Ltd Asia Siyaka Commodities PLC Premium Flowery 2.30 p.m

AS Asia Siyaka Commodities PLC Ceylon Tea Brokers PLC BOP1A 2.30 p.m FW John Keells PLC Bartleet Produce Marketing (Pvt) Ltd 21ST MARCH 2018 LC Eastern Brokers LTD Mercantile Produce Brokers(Pvt) Ltd DUST 11.15 a.m Ex-Estate 8.00 a.m

Buyers Prompt : 27.03.2018 Sellers Prompt: 28.03.2018 Off Grades 8.00 a.m

AWAITING SALE OFFERINGS

SALE OF – 20TH / 21ST MARCH 2018 SALE OF – 27TH / 28TH MARCH 2018

LOTS QTY(KGS) LOTS QTY(KGS)

EX- ESTATE 991 1,137,758 899 1,043,295

HIGH AND MEDIUM 1,050 524,520 1,188 585,560

LOW GROWN (L) 3,223 1,395,501 3,606 1,591,954

LOW GROWN (S) 1,746 937,891 1,920 1,038,993

OFF GRADES+BOP1A 1,890 1,045,482 1,878 1,022,968

DUSTS 594 616,817 671 708,250

PREMIUM FLOWERY 401 80,002 501 102,503

TOTAL 9,895 5,737,971 10,663 6,093,523

MAIN SALE 02/03/2018 09/03/2018

EX ESTATE 02/03/2018 08/03/2018

Closed ahead of the Schedule.

CATALOGUE CLOSING DATES Sale No. 14 – 03rd / 04th April 2018

Ex-Estate catalogue scheduled to be closed on the 15th March 2018 and Main Sale catalogues scheduled to be closed on the 16th March 2018 or earlier.

Sale No. 15 – 09th / 10th April 2018

Ex-Estate catalogue scheduled to be closed on the 22nd March 2018 and Main Sale catalogues scheduled to be closed on the 23rd March 2018 or earlier.

Sale No. 16 – 23rd / 24th April 2018

Ex-Estate catalogue scheduled to be closed on the 29th March 2018 and Main Sale catalogues scheduled to be closed on the 29th March 2018 or earlier.

DUST

Mattakelle DUST1 840.00 Kalubowitiyana CTC PDUST 750.00

PREMIUM FLOWERY

Glen Alpin FBOPFSp 2,300.00 Nilrich FBOPFSp 1,600.00 @ Nilgiri FBOPFExSp 1,950.00 @ Nildiya Valley FBOPFExSp1 2,000.00

OFF GRADES

Bandaraeliya FGS/FGS1 590.00 Hingalgoda CTC PFGS 720.00 Gunawardena BM 610.00 Kothmale Hills BP 640.00 Orange Field BP 640.00 Chandrika Estate BOP1A 740.00 *

FUTURE SALES INFORMATION NEXT SALE NO 12

SALE OF 20TH / 21ST MARCH 2018

DENOTES – CEYLON TEA BROKERS PLC [@] / ALL TIME RECORD PRICE [**] / EQUAL ALL TIME [*]

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH

/ 14TH

MARCH 2018

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ELEVATION WISE – STATISTICS – COLOMBO AUCTION AVERAGES

(Source: MSL/ CBSL)

Elevation

WEEK BEFORE LAST LAST WEEK LAST YEAR YEAR BEFORE

(RS) (RS) (RS) (RS)

Sale- 28.02.2018 Sale- 07.03.2018 Corres 2017 Corres 2016 Uva High 585.31 596.95 584.06 396.84

Western High 650.10 636.97 648.10 441.08

CTC High 618.46 603.19 638.40 384.26 Total High Grown 637.35 628.12 629.80 431.10

Uva Medium 572.16 575.28 599.77 380.18

Western Medium 565.04 561.35 572.46 373.95

CTC Medium 564.75 552.81 565.21 381.25

Total Medium Grown 566.47 564.90 579.39 375.4

Orthodox Low 639.99 613.54 627.53 408.59

CTC Low 612.89 592.53 593.55 408.17

Total Low Grown 638.70 612.45 625.65 408.58

TOTAL 628.25 609.16 619.90 408.54

Elevation

WEEK BEFORE LAST LAST WEEK LAST YEAR YEAR BEFORE

($) ($) ($) ($)

Sale- 28.02.2018 Sale- 07.03.2018 Corres 2017 Corres 2016

Uva High 3.78 3.85 3.86 2.76 Western High 4.20 4.11 4.29 3.07

CTC High 3.99 3.89 4.22 2.67

Total High Grown 4.12 4.05 4.16 3.00

Uva Medium 3.69 3.71 3.97 2.64

Western Medium 3.65 3.62 3.79 2.60 CTC Medium 3.65 3.56 3.74 2.65

Total Medium Grown 3.66 3.64 3.83 2.61

Orthodox Low 4.13 3.96 4.15 2.84

CTC Low 3.96 3.82 3.92 2.84

Total Low Grown 4.12 3.95 4.14 2.84

TOTAL 4.06 3.93 4.10 2.84

Weekly Sale Averages – 1 USD= Rs. (Daily weighted average)

154.87 155.08 151.24 143.90

Elevation

TODATE TODATE TODATE TODATE TODATE TODATE

2016 2017 2018 2016 2017 2018

(RS) (RS) (RS) ($) ($) ($) Uva High 365.24 572.23 589.59 2.53 3.79 3.81 Western High 434.03 639.40 657.29 3.00 4.24 4.25 CTC High 377.34 619.06 622.78 2.61 4.10 4.03 Total High Grown 417.31 619.54 641.37 2.89 4.11 4.15 Uva Medium 365.06 562.69 560.63 2.53 3.73 3.63 Western Medium 370.08 548.27 573.80 2.56 3.63 3.71 CTC Medium 365.20 558.53 577.83 2.53 3.70 3.74 Total Medium Grown 368.87 551.89 570.42 2.55 3.66 3.69 Orthodox Low 410.04 606.23 647.59 2.84 4.02 4.19 CTC Low 401.83 565.62 615.91 2.78 3.75 3.99 Total Low Grown 409.77 604.00 645.98 2.84 4.00 4.18 TOTAL 405.47 599.15 634.57 2.81 3.97 4.11 Cumulative Sale Averages – 1 USD= Rs. (Monthly Weighted Average) 144.53 150.84 154.55 133.18

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH

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MARCH 2018

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WORLD TEA PRODUCTION (IN MILLION KILOS)

COUNTRY MONTH 2017 2018 2017 TODATE 2018 TODATE DIFFERENCE +/-

Sri Lanka January 21.69 24.27 21.69 24.27 +2.58

Kenya January 33.00 40.8 33.0 40.80 +7.8

North India January 6.10 4.80 6.10 4.80 -1.3

South India January 13.10 12.30 13.10 12.30 -0.8

COUNTRY MONTH 2016 2017 2016 TODATE 2017 TODATE DIFFERENCE +/-

Malawi December 5.60 5.70 43.10 45.60 +2.5

Bangladesh December 5.20 6.07 79.39 73.74 -5.6

(Source: Africa Tea Brokers/National Brokers Ltd)

JAKARTA AUCTION SALE OF 14TH MARCH 2018

There was good interest at irregular rates for the 14,420, following quality.

JAVA ORTHODOX TEA - BOPF was advanced by 4-7 cts above last week levels. PF/Dust/BT were held fully firm when sold. Secondary

grades appreciated by 2-3 cts when sold

JAVA CTC TEA - BP1/PD/Dust/Fann/D2 were sold firm to 3 cts dearer. PF1 better/best lots strengthened by 10-22 cts when sold

whereas good medium lots maintained last week.

SUMATRA ORTHODOX TEA - BOP/BOPF/PF/BT were discounted by 2-4 cts when sold. Dust/BP gained by 3-4 cts above last week sale.

Secondary grades were sold firm to 3 cts dearer.

(Source: Sinar Maliku)

BANGLADESH AUCTION SALE 13TH MARCH 2018

CTC LEAF: 4,442 packages of Current Season, 112 packages of Old Season on offer once again met with a strong demand.

BROKENS/FANNINGS: There were only a few clean teas on offer which were strongly competed for and generally sold at dearer rates.

Other varieties which comprised mostly of end of season types met with a stronger demand and generally sold at firm to dearer rates.

Poorest varieties also followed a similar trend with nominal withdrawals.

CTC LEAF NEW SEASON (2018/2019): 1179 packages of New Season Teas on offer met with a strong demand and realised prices

between Tk.240/- and Tk.320/-.

CTC DUST: 2,030 packages of Current Season and 22 packages of Old Season met with a good demand. There were only a few good

liquoring Dusts on offer which met with good competition and sold at around last levels. RDs and CDs mostly saw an irregular interest

and were easier by Tk.3/- to Tk.5/-. Blenders were less active whilst Loose tea buyers lent a fairly good support.

CTC DUST NEW SEASON (2018/2019): 168 packages of New Season Teas met with a strong competition and sold between Tk.330/-

and Tk.353/-.

COMMENTS: This was the final sale of the season which went off very well with practically all teas being sold and prices realised were

also generally higher than last week. Loose tea buyers dominated the sale. Dusts sold well.

(Source: National Brokers Ltd)

KOLKATA AUCTION & GUWAHATI AUCTION

The above market report details were not available at the time of printing this publication.

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH

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MARCH 2018

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MOMBASA AUCTION SALE OF 12TH / 13TH MACRH 2018

Less demand for the 126,273 packages (8,207,498 kilos) available at irregularly easier levels following quality with 11.72% neglected.

The best BP1s in the market were a weak feature and shed up to USC56 with brighter descriptions irregular varying between USC10 to USC14 dearer

to easier by USC5 to USC16 while medium categories ranged between USC2 to USC5 above last rates to easier by USC7 to USC20. Lower mediums

were irregular and varied between firm to USC11 dearer to easier by USC4 to USC12 while clean plainer descriptions were steady with others

discounted by up to USC20. Best PF1s on offer were a weak feature easing by up to USC50 while brighter varieties were discounted by USC10 to

USC22 with medium types barely firm to USC28 below last week's levels; lower mediums saw price declines of between USC4 to USC35 with some

lines neglected. Plainer sorts lost USC5 to USC14 with some teas remaining unsold.

The best PDUSTs available met good competition gaining up to USC12 while brighter categories shed USC3 to USC20 with medium types barely firm

to USC26 below last prices; lower mediums met less interest and shed up to USC22 with plainer varieties declining by up to USC20. Best DUST1s on

offer eased by USC16 while brighter categories were steady to USC28 below last rates with medium varieties about firm to USC20 easier; lower

medium sorts eased by USC20 to USC24 with plainer descriptions discounted by up to USC10 but a few improved invoices held firm to USC2 dearer

following quality. In the Secondary Catalogues BPs eased while PFs were irregularly steady. Clean well sorted coloury Fannings were dearer while

similar DUSTs were firm. Other Fannings held value with similar DUSTs easing. BMFs were readily absorbed.

Pakistan Packers showed strong and more support while Yemen and other Middle Eastern countries lent more useful interest. Kazakhstan and other

CIS nations maintained useful but select enquiries. Egyptian Packers, Afghanistan, Russia, UK, Bazaar and Sudan were active but more selective at

lower levels. Iran were subdued. Somalia was less active at the lower end of the market.

AUCTION AVERAGE PRICES (in US$ per kg)

SALE 09 HELD ON SALE 09 HELD ON 26 & 27/02/2018 27 & 28/02/2017

COUNTRY PRIMARY SECONDARY TOTAL PRIMARY SECONDARY TOTAL

Kenya 3.11 1.76 3.01 3.09 1.45 2.96

Uganda 2.05 1.54 1.88 1.90 1.33 1.72

Rwanda 3.44 2.65 3.32 3.06 2.26 2.95

Burundi 2.98 2.29 2.94 2.76 1.88 2.72

Zambia - - - - - -

Tanzania 2.13 1.45 1.99 1.78 1.33 1.64

D R of Congo 1.65 - 1.65 1.65 - 1.65

Mozambique - - - - - -

Madagascar - - - - - -

Malawi - - - - - -

Zimbabwe - - - - - -

Ethiopia - 1.55 1.55 - - -

Total 2.98 1.72 2.82 2.95 1.48 2.79

TO DATE: 2018 TO DATE: 2017

COUNTRY PRIMARY SECONDARY TOTAL PRIMARY SECONDARY TOTAL

Kenya 3.08 1.75 2.97 3.19 1.49 3.05

Uganda 2.03 1.51 1.85 1.94 1.30 1.73

Rwanda 3.41 2.76 3.31 3.21 2.45 3.08

Burundi 3.02 2.36 2.97 3.03 1.93 2.95

Zambia - - - - - -

Tanzania 2.18 1.50 1.92 1.81 1.29 1.51

D R of Congo 1.93 1.68 1.90 1.80 1.58 1.78

Mozambique 2.10 1.37 1.52 - - -

Madagascar - - - - - -

Malawi - - - - - -

Zimbabwe - - - - - -

Ethiopia 2.17 1.53 1.80 2.36 - 2.36

Total 2.96 1.70 2.80 3.05 1.49 2.85 (Source – Africa Tea Brokers Ltd)

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH

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PAKISTAN TEA IMPORT STATISTICS - FEBRUARY 2018

BLACK TEA

S/NO ORIGIN PKGS NET KGS AVERAGE VALUE US $ NET KGS PAK RUPEES AVERAGE %

1 ARGENTINE - - - - - - - -

2 BANGLADESH - - - - - - - -

3 BURUNDI 5,250 349,459.00 3.09 1,080,934.26 349,459.00 119,443,235.73 341.79 1.94

4 CHINA 5,014 310,868.00 0.71 219,384.52 310,868.00 24,241,989.46 77.98 1.72

5 CONGO 20 1,236.00 1.80 2,224.80 1,236.00 245,840.40 198.90 0.01

6 ETHIOPIA 360 20,748.00 2.17 45,113.92 20,748.00 4,985,088.16 240.27 0.12

7 INDIA 21,448 1,444,683.00 1.29 1,867,363.05 1,444,683.00 206,343,617.03 142.83 8.01

8 INDONESIA 4,100 246,800.00 2.23 549,349.00 246,800.00 60,703,064.50 245.96 1.37

9 KENYA 193,001 13,170,022.50 3.14 41,357,048.61 13,170,022.50 4,569,953,870.96 347.00 73.02

10 MADGASCAR - - - - - - - -

11 MALAWI 1,600 94,400.00 2.63 248,527.52 94,400.00 27,462,290.96 290.91 0.52

12 MOZAMBIQUE - - - - - - - -

13 NEPAL - - - - - - - -

-14 RWANDA 18,183 1,247,822.00 3.11 ,878,861.77 1,247,822.00 428,614,225.59 343.49 6.92

15 S.AFRICA - - - - - - - -

16 SRILANKA - - - - - - - -

17 TANZANIA 7,357 422,254.00 2.13 98,592.24 422,254.00 99,294,442.52 235.15 2.34

18 UGANDA 9,254 575,590.00 2.17 1,247,936.87 575,590.00 137,897,024.14 239.58 3.19

19 VIETNAM 1,180 72,700.00 1.55 112,952.49 72,700.00 12,481,250.15 171.68 0.40

20 ZIMBABWE - - - - - - - -

21 P. N. GUINEA - - - - - - - -

22 U.K. - - - - - - - -

23 UAE 58,789 80,613.60 5.63 454,067.27 80,613.60 50,174,433.34 622.41 0.45

TOTAL 325,556 18,037,196.10 2.88 51,962,356.32 18,037,196.10 5,741,840,372.92 318.33 100.00

GREEN TEA

S/NO ORIGIN PKGS NET KGS AVERAGE VALUE US $ NET KGS PAK RUPEES AVERAGE %

1 INDONESIA - - - - - - - -

2 BANGLADESH 675 24,815.00 6.12 151,925.25 24,815.00 16,787,740.13 676.52 5.42

3 CHINA 2,449 89,075.00 1.23 109,328.80 89,075.00 12,080,832.40 135.63 19.47

4 VIETNAM 9,065 343,580.00 1.03 353,797.50 343,580.00 39,094,623.75 113.79 75.10

5 SRILANKA - - - - - - - -

6 U.K - - - - - - - -

TOTAL 12,189 457,470.00 1.34 615,051.55 457,470.00 67,963,196.28 148.56 100.00

NOTE

S.NO ORIGIN PKGS NET KGS AVERAGE VALUE US $

1 INDIA(NORTH) 4,410 293,420.00 1.43 419,495.00

2 INDIA(SOUTH) 17,038 1,151,263.00 1.26 1,447,868.05

TOTAL 21,448 1,444,683.00 1.29 1,867,363.05

(Source - Pakistan Tea Association)

CEYLON TEA BROKERS PLC –SALE NO. 11 OF 13TH

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MARCH 2018