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MOMBASA AUCTION
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SALE OF - 30TH NOVEMBER/ 01ST DECEMBER 2015 (SALE NO.48) |
Good demand prevailed for the 148,029 packages (9,688,808kilos) on offer at irregular rates with relatively less teas remaining unsold (9.90%). The best BP1s available were marginally dearer with brighter categories barely firm to USC16 easier while mediums were irregular and varied between firm to USC12 dearer to easier by upto USC16. Lower medium types shed USC6 to USC18 with plainer descriptions steady to USC16 easier. Best PF1s in the market gained upto USC10 while brighter categories were irregular ranging between USC6 dearer to easier by USC2 to USC12 with mediums very irregular declining by upto USC24 but a few gained upto USC12. Lower medium PF1s varied between USC10 dearer to easier by similar levels with plainer types varying between USC10 dearer to easier by the same margin. Best PDUSTs were discounted by upto USC24 with brighter sorts barely firm to USC10 easier but a few improved invoices gained with quality while mediums ranged between firm to USC12 dearer to easier by upto USC6. Lower mediums saw better absorption appreciating by upto USC22 with improved interest for plainer types which gained upto USC26 but a few teas lost upto USC18. The best DUST1s shed USC10 with brighter sorts irregular and ranged between firm to USC16 dearer to easier by a similar rate while medium types were firm to USC12 dearer but some invoices shed upto USC14. Lower medium DUST1s were well competed for gaining USC6 to USC22 with plainer descriptions appreciating by USC10 to USC24. In the secondary catalogues BPs eased while PFs gained value. Clean well sorted coloury Fannings tended dearer while similar DUSTs appreciated. Other Fannings gained while similar DUSTs were steady on last levels. BMFs were well absorbed. Egyptian Packers showed more support and were strong as were Yemen and other Middle Eastern countries. There was more enquiry from Russia and Bazaar while Pakistan Packers were active but at lower levels. UK was selective but lent more support with maintained activity from Sudan but Afghanistan, Kazakhstan and other CIS countries showed less interest. Iran was subdued. Somalia was more active at the lower end of the market.
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Forbes & Walker was set up in 1881 as a partnership between James Forbes and Chapmen Walker. Although there is no actual record of the date on which it was established the very first cash book, still in the possession of the Finance Director, indicates the brokerages were earned from 1st August 1881. In Sir Thomas Villiers' book “Mercantile Lore” the date of establishment of Forbes & Walker has been put down Read More...