Tea market report 16 - 20 April 2018
It appears the buyer’s focus was pointed towards the upcoming large auction quantities of 145k, 162k and 163k in the weeks ahead of us. As a result, most teas lost ground, only the bottom was able to hold firm. The lack of buying mood was also expressed by the 16% outlots. The large auction quantities are a result of the conducive growing conditions of the previous weeks, which haven’t stopped and are likely to continue in the coming weeks.
“When you see someone putting on his big boots, you can be pretty sure that an adventure is going to happen.” – A.A. Milne, Winnie-the-Pooh
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