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Tea Market Report - Week Ending 26th February
 

North India, factories are all geared up to get rolling by mid March.  Darjeeling, following on from a similar situation in 2016 when the First Flush came a cropper, adds up to being not the happiest state of affairs in the region.  At this point of time, with some rains having been reported, estate conditions are looking up.  The Jakarta auction met good demand with only 5% of the teas on offer remaining unsold so that the market was generally firm to dearer.  China and Vietnam are slowly heading toward start of the tea season and the Spring plucking for the premium teas.
Mombasa which has been seeing a drop in inflows leading to announcement of the smallest auction of the year in week 10, didn't gain any advantage from this with the market tending steady to easier.  On the other hand, the limited quantities on offer in the Limbe auction traded fully firm to dearer.
With global demand continuing to be robust, it is the supply side which is having to play 'catch up'.  Conditions which should add up to interesting times ahead.

Updated:2017-02-26