FORBES & WALKER TEA BROKERS (PVT) LIMITED

46/38, Navam Mawatha, Colombo 02, Sri Lanka. Tel : 2327961 - 7, 4767222 Fax: 2439373 e-mail: ftb@forbestea.com URL: www.forbestea.com MOST COMPREHENSIVE WEBSITE ON TEA www.forbestea.com

WEEKLY TEA MARKET REPORT SALE NO: 37 - 16TH/ 17TH SEPTEMBER 2013
ORDER OF SALE
EXESTATE
1. John Keells PLC 2. Lanka Commodity Brokers (Pvt) Ltd 3. Mercantile Produce Brokers (Pvt) Ltd 4. Eastern Brokers Ltd 5. Forbes & Walker Tea Brokers (Pvt) Ltd 6. Asia Siyaka Commodities (Pvt) Ltd 7. Bartleet Produce Marketing (Pvt) Ltd 8. Ceylon Tea Brokers Ltd

LG Large Leaf LG Small Leaf/BOPIA/Supp

Lanka Commodity Brokers (Pvt) Ltd John Keells PLC Bartleet Produce Marketing (Pvt) Ltd Ceylon Tea Brokers Ltd

High & Medium/Off Grade/Dust

Mercantile Produce Brokers (Pvt) Ltd

Asia Siyaka Commodities (Pvt) Ltd John Keells PLC Eastern Brokers Ltd Forbes & Walker T ea Brokers (Pvt) Ltd Ceylon Tea Brokers Ltd Eastern Brokers Ltd Lanka Commodity Brokers (Pvt) Ltd Mercantile Produce Brokers (Pvt) Ltd Asia Siyaka Commodities (Pvt) Ltd Bartleet Produce Marketing (Pvt) Ltd
Forbes & Walker T ea Brokers (Pvt) Ltd

At this week's sale 11,383 lots totalling 6,758,033 kgs were on offer. The breakdown is as follows:
LOTS QUANTITY

Ex Estate 1,039 Main Sale - High & Medium 968 Low Grown - Leafy 3,868 Low Grown - Tippy 2,602 Off Grades 2,187 Dust 498 Supplimentary 221 11,383 TOTAL Re - Prints 377 Buyers Prompt : 23/09/2013 Sellers Prompt : 24/09/2013 QUALITY

1,198,710 488,009 1,823,008 1,514,200 1,205,783 494,809 33,514 6,758,033 222,570

Westerns together with the Nuwara Eliyas were irregular. Uva/Udapussellawa seasonal teas showed a decline in quality. Others together with the Low Growns were similar to last.

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COMMENTS ******************
A further increase in Auction offerings this week, which totalled a 6.8M/kgs from a 6.4M/kgs in the previous week. Once again Low Growns continued to meet good demand, whilst, High and Medium Growns were irregularly easier. Ex-Estate offerings also increased to a 1.2M/kgs from a 1M/kgs on offer in the previous Auction. Best Western BOPs declined by up to Rs.50/per kg, whilst the corresponding BOPFs were irregular. Western BOPs in the below best/Plainer categories appreciated up to Rs.30/- per kg, whilst the corresponding BOPFs declined by Rs. 20-30/- per kg. Teas from the Nuwara Eliya region were irregular, whilst seasonal teas from Uva/Udapussellawa planting districts declined irregularly following quality and due to fewer air mail bids. Plainer / Coloury BOPs gained Rs. 20-40/- per kg whilst the corresponding BOPFs declined up to Rs. 20/per kg. High and Medium Grown CTCs witnessed a firm to dearer trend, whilst the Low Grown CTCs encountered an irregular pattern with only the select best appreciating in value. Low Growns comprised of 3.3M/kgs in the Leafy/ Tippy catalogues this week. In the Tippy catalogue, a selection of well made FBOP/FF1s, together with the cleaner secondries were fully firm to dearer. Others were irregularly following quality. Well made Tippy invoices too were firm to selectively dearer, whilst the balance were lower. In the Leafy catalogue, better OP/OPAs were firm whilst others were irregular. At the lower end however, cleaner types were fully firm. Better PEK/PEK1s maintained whilst, the bolder types were irregular and lower. At the lower end prices were fully firm to dearer. Select best BOP1/OP1s, though irregular were firm. Others were firm to selectively dearer. There was good demand from Shippers to CIS, Turkey, Iraq, Kuwait, together with Dubai this week. SRI LANKA TEA EXPORTS AUGUST 2013 Tea Exports for the month of August 2013 totalled 31.4M/kgs, showing a significant gain of 9.5M/kgs vis--vis 21.9M/kgs of 2012. Tea in bulk and tea in bags show a marginal gain over the corresponding period, whilst, tea in packets show a significant gain. Total revenue of 18.8B realized for August 2013 too, show a gain of 6.2B vis--vis 12.6B of 2012. This in fact reflects a gain of 49.2% vis--vis 2012. Cumulative exports for January August 2013 of 205.7M/kgs show a gain of 1.7B vis--vis 204.0B of 2012. Tea in packets and tea in bags show a growth YOY, whilst, tea in bulk has shown a marginal decline as against the corresponding period. Total revenue of 123.3M/kgs realized for the period January August 2013 too show a gain of 10.7M/kgs vis-vis 112.6M/kgs of 2012.

CIS has retained the No.1 position as the largest importer of Sri Lankan tea followed by Iran and Turkey. Other noteworthy importers are Iraq, Syria, UAE, followed by Kuwait. It is also significant to note that imports to Kuwait in 2013 shows a growth of over 150% vis--vis 2012. Destinations such as Libya show a significant decrease YOY as detailed in page No. 9.
FORBES & WALKER TEA BROKERS (PVT) LTD SALE OF - 16TH/ 17TH SEPTEMBER 2013
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MARKET
GOOD DEMAND

HIGH GROWN TEAS

BOP
BEST WESTERN'S - declined up to Rs. 50/- per kg. Teas in the below best category were irregularly firm, whilst plainer sorts gained Rs. 20-30/- per kg and more. Nuwara Eliya's were irregular and up to Rs. 30/per kg lower. Uva/Udapussellawa seasonal teas were irregularly easier following quality. Other coloury sorts gained up to Rs. 20-40/- per kg. BETTER WESTERN'S - irregular. Teas in the below best/plainer categories were irregular and eased up to Rs. 20/- per kg. Nuwara Eliya's were irregularly easier. Uva/Udapussellawa seasonal teas were irregular ly easier. Others declined Rs. 20/- per kg and more for poor leaf teas. The limited selection on offer sold at marginally easier levels.

BOPF

OP PEKOE/FBOP
Select best FBOPs remained firm. Below best and poorer sorts were firm to marginally dearer. PEK/PEK1's in general declined Rs. 10/- per kg on average.

QUOTATIONS IN (Rs/kg) Sale Date Best Westerns Below Best Westerns Plainer Westerns Nuwara Eliyas Brighter Udapussellawas Other Udapussellawas Best Uvas Other Uvas

BOP 10/11 SEP 16/17 SEP 580 - 690 530 - 620 480 - 550 480 - 500 380 - 440 430 - 460 530 - 610 530 - 560 430 - 500 425 - 450 330 - 355 325 - 385 770 - 1750 600 - 1100 350 - 600 365 - 550

BOPF 10/11 SEP 16/17 SEP 590 - 690 580 - 650 540 - 570 510 - 570 460 - 530 440 - 500 500 - 550 460 - 550 460 - 480 400 - 420 430 - 450 380 - 390 620 - 820 500 - 770 440 - 560 405 - 480

PEKOE / FBOP 10/11 SEP 16/17 SEP 450 - 700 410 - 630 380 - 440 380 - 400 340 - 370 350 - 370 445 - 610 520 - 660 450 - 550 440 - 500 370 - 440 360 - 430 480 - 660 500 - 1250 380 - 470 400 - 480

OP 10/11 SEP 16/17 SEP 400 - 460 385 - 440 370 - 390 360 - 380 330 - 365 330 - 350 N/A N/A N/A 375 N/A N/A 370 - 445 360 - 435 340 - 360 330 - 350

MEDIUM GROWN TEAS

Irregular.

BOP
Irregular and up to Rs. 20/- per kg easier.

BOPF
Best sorts were irregularly firm, whilst the below best and poorer sorts eased Rs. 5-10/- per kg.

OP PEKOE/FBOP
Select best FBOPs eased Rs. 20/- per kg on average, whilst below best and poorer sorts were irregular. PEK/PEK1's declined Rs. 10-15/- per kg and more towards the close.

QUOTATIONS IN (Rs/kg) BOP BOPF PEKOE / FBOP OP Sale Date 10/11 SEP 16/17 SEP 10/11 SEP 16/17 SEP 10/11 SEP 16/17 SEP 10/11 SEP 16/17 SEP Good Mediums 580 - 700 615 - 700 500 - 530 470 - 520 500 - 780 480 - 760 450 - 1100 430 - 1150 Other Mediums 540 - 570 520 - 600 420 - 480 400 - 420 380 - 490 360 - 470 360 - 440 350 - 420

Contd...4

FORBES & WALKER TEA BROKERS (PVT) LTD SALE OF - 16TH/ 17TH SEPTEMBER 2013
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UNORTHODOX TEAS
BP1s- Rs. 5-10/- per kg lower. PF1s- Firm and selectively dearer following special enquiry.

HIGH GROWN
BP1s- Irregular and up to Rs. 10/- per kg easier. PF1s- Gained Rs. 10/- per kg on average.

MEDIUM GROWN LOW GROWN

BP1s- Irregular PF1s- Select high priced teas up to Rs. 10/- per kg dearer. Others irregular and barely steady.

QUOTATIONS IN (Rs/kg) Sale Date High Grown Medium Grown Low Grown

BP 1 10/11 SEP 335 - 350 345 - 410 460 - 490 16/17 SEP 330 - 370 340 - 430 450 - 480 10/11 SEP 430 - 500 360 - 520 460 - 620

PF 1 16/17 SEP 420 - 500 400 - 520 490 - 620

OFF GRADES
FGS1/FGS
Best liquorings in High & Medium category lost Rs. 10-15/- per kg. Below best and poorer sorts too were easier by Rs. 5-10/- per kg. Best CTCs easier Rs. 5-10/- per kg, whilst below best and poorer sorts too followed a similar trend. Best Low Growns together with below best were firm on last. Poorer sorts lost Rs. 5-10/- per kg. Best BM's were firm on last. Below best sorts gained Rs. 5-10/- per kg. Poorer sorts lost by a similar margin. BP's in general were firm on last. Bolder varieties in the best and below best category gained Rs. 10-20/- per kg. Others were firm on last. Poorer sorts lost Rs. 5-10/- per kg.

BROKENS

BOP1A

QUOTATIONS IN (Rs/kg) Sale Date Better Fannings (Orthodox) Better Fannings (CTC) Other Fannings (Orthodox) Other Fannings (CTC) Good Brokens Other Brokens

HIGH 10/11 SEP 16/17 SEP 430 - 490 420 - 470 N/A N/A 245 - 425 235 - 415 N/A N/A 370 - 430 370 - 410 250 - 365 240 - 365

MEDIUM 10/11 SEP 16/17 SEP 325 - 375 325 - 410 360 - 385 350 - 385 230 - 320 220 - 320 260 - 355 250 - 345 385 - 460 385 - 445 230 - 380 210 - 380

LOW 10/11 SEP 16/17 SEP 350 - 470 350 - 470 460 - 540 450 - 530 230 - 345 220 - 345 300 - 450 290 - 380 380 - 580 380 - 465 210 - 375 230 - 375

Better BOP1As Other BOP1As

360 - 400 280 - 355

355 - 390 275 - 350

355 - 430 290 - 350

350 - 425 275 - 345

365 - 520 285 - 360

360 - 470 265 - 355

DUSTS
DUST1
Select best primaries declined Rs. 20-30/- per kg and more. Western High D1's in the best and below best categories were firm to irregularly lower following quality. Others and poorer sorts declined Rs. 15-25/per kg and more. Mediums declined Rs. 20-30/- per kg. Better CTCs declined Rs. 30/- per kg and more. Others declined further. Best Low Growns sold at last levels. Below best varieties too followed a similar trend. Poorer sorts declined Rs.10-20/- per kg and more. Clean secondaries were fully firm. Below best varieties were irregular but mostly dearer. Poorest on offer gained Rs. 10-15/- per kg and more. CTCs declined Rs. 20-30/- per kg. Better Low Growns sold at last levels. Others declined Rs. 15-20/- per kg and more.

DUST

QUOTATIONS IN (Rs/kg) Sale Date Better Primary Dust (Orthodox) Better Primary Dust (CTC) Other Primary Dust (Orthodox) Other Primary Dust (CTC) Better Secondary Dust Other Secondary Dust

HIGH 10/11 SEP 16/17 SEP 530 - 700 510 - 660 435 - 440 420 - 430 290 - 520 240 - 490 280 - 415 285 - 370 365 - 380 350 - 400 185 - 335 190 - 345

MEDIUM 10/11 SEP 16/17 SEP 440 - 480 430 - 470 450 - 490 430 - 460 185 - 415 220 - 420 330 - 440 330 - 420 N/A N/A 220 - 290 220 - 295

LOW 10/11 SEP 16/17 SEP 400 - 440 405 - 445 540 - 610 550 - 590 160 - 390 150 - 390 460 - 510 195 - 530 400 - 420 340 - 390 225 - 340 230 - 330 Contd...5

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LOW GROWN TEAS

Select best gained substantially. Best on offer too were dearer, However teas where quality was not maintained

FBOP/FBOP1

declined. Cleaner below best sorts maintained. Others were irregularly lower. Select best and best FBOP1's were firm to dearer. Below best sorts were irregular.

Select best and best were firm to dearer. Teas where quality was not maintained tended easier.

BOP
Select best together with a range of improved below best were fully firm. Others were irregular and lower

BOP1

following quality. At the lower end prices were fully firm to dearer.

A few select best with a range of improved below best maintained. Balance were barely steady. At the lower end

OP1

cleaner types were fully firm to dearer. Balance easier.

Select best together with clean/improved below best were fully firm. Balance were irregularly lower. At the lower

OP

end cleaner types were firm. Balance barely steady.

Select best OPA's were firm. Selection of improved below best were fully firm to irregularly dearer whilst balance

OPA

declined Rs. 5 - 10/- per kg. At the lower end too cleaner types were firm. Balance lower.

Select best PEK/PEK1's though irregular were firm. Others particularly the bolder types were irregular and often

PEKOE

declined Rs. 5 - 10/- per kg. Balance were fully firm to dearer.

Best and cleaner teas in the below best were firm to dearer. Others tended irregular.

BOPF
Tippy teas attracted good demand. Cleaner teas in the best and below best were firm to dearer. Others tended

FBOPF/FBOPF1

irregular. Select best and best FF1's gained in value. Cleaner below best sorts too were dearer. Others where quality was not maintained declined marginally.

QUOTATIONS IN (Rs/kg) Sale Date

SELECT BEST

BEST

10/11 SEP 16/17 SEP 10/11 SEP 16/17 SEP 490 - 550 550 - 590 530 - 620 520 - 560 420 - 450 680 - 750 570 - 580 520 - 545 600 - 670 490 - 540 490 - 530 560 - 630 500 - 540 500 - 550 580 - 650 520 - 620 530 - 570 420 - 450 700 - 775 580 - 590 540 - 550 600 - 670 500 - 550 490 - 530 580 - 620 510 - 550

FBOP 1 650 - 760 650 - 800 FBOP 700 - 780 740 - 810 BOP 1 640 - 800 630 - 800 BOP 620 - 650 600 - 700 BOPF 470 - 540 480 - 620 FBOPF (TIPPY)/FBOPF SP 1000 - 1200 1000 - 1400 FBOPF 1 600 - 630 600 - 640 FBOPF 650 - 725 675 - 780 OP 1 700 - 880 680 - 880 OP 550 - 640 560 - 640 OPA 540 - 640 540 - 630 PEKOE 670 - 740 660 - 740 PEK 1 590 - 820 590 - 820

BELOW BEST 10/11 16/17 SEP SEP 460 - 480 460 - 485 460 - 540 450 - 510 450 - 500 460 - 510 440 - 460 420 - 460 360 - 380 350 - 360 480 - 530 480 - 530 480 - 510 490 - 550 450 - 470 460 - 475 480 - 590 480 - 580 440 - 480 435 - 475 440 - 480 430 - 480 500 - 550 500 - 550 450 - 490 460 - 490

OTHERS 10/11 16/17 SEP SEP 370 - 420 375 - 420 380 - 440 380 - 420 390 - 430 390 - 440 370 - 410 375 - 420 320 - 350 330 - 350 420 - 440 420 - 445 410 - 440 420 - 430 390 - 410 390 - 410 370 - 470 380 - 470 350 - 410 350 - 500 345 - 410 340 - 400 400 - 450 410 - 460 -

FORBES & WALKER TEA BROKERS (PVT) LTD SALE OF - 16TH/ 17TH SEPTEMBER 2013
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TOP PRICES IN (RS/KGS) - SALE OF 16TH/ 17TH SEPTEMBER 2013

WESTERN MEDIUM

Dotel Oya Craighead Rilagala Ancoombra Craighead Craighead Craighead Rilagala Craighead Imboolpittia Telford

BOP BOPS BOPS BOPS BOPF/BOPFS BOP1 FBOP/FBOP1 FBOP/FBOP1 FBOPF/FBOPF1 FBOPF/FBOPF1 OP/OPA

@ @ @ @ @ @ @ @

700.00 620.00 590.00 590.00 560.00 ** 890.00 760.00 740.00 640.00 630.00 460.00

Darlington V alley Ivy Teas Etambagahawila Etambagahawila Green House Sihara Sithaka Hiniduma'SH' Brombil Deerwood Sup Golden Garden Nawalakanda Sup

FBOPFEXSP OP OP1 OPA OPA OPA BOP1 BOP1 BOP1 BOP1 PEK PEK1

2,000.00 640.00 880.00 630.00 630.00 630.00 800.00 800.00 800.00 800.00 740.00 820.00

Orange Field Rilagala Dotel Oya Doombagastalawa Rilagala Mossville

WESTERN HIGH

OP/OPA OP/OPA OP/OPA OP1 OP1 PEK/PEK1 BOP BOP BOPS BOPF/BOPFS BOPF/BOPFS BOPF/BOPFS BOPF/BOPFS BOPF/BOPFS FBOP/FBOP1 FBOP/FBOP1 FBOPF/FBOPF1 FBOPF/FBOPF1 OP/OPA PEK/PEK1 BOP BOPF/BOPFS BOPF/BOPFS FBOP/FBOP1 OP/OPA PEK/PEK1 BOP BOP BOP BOPS BOPF/BOPFS BOPF/BOPFS BOPF/BOPFS BOPF/BOPFS BOP1 FBOPF/FBOPF1 OP/OPA PEK/PEK1 BOP BOP BOP BOP BOP BOPS BOPS BOPS BOPF BOPF BOPF BOPFS FBOP FBOP FBOP FBOP FBOP FBOP1 FBOPF FBOPF1 FBOPFSP

@ @ @

460.00 435.00 435.00 ** 860.00 820.00 600.00 620.00 570.00 610.00 650.00 650.00 640.00 630.00 630.00 630.00 630.00 600.00 590.00 440.00 590.00 560.00 550.00 530.00 660.00 395.00 590.00

UVA MEDIUM

Alton Bearwell Bearwell Bogawantalawa Mattakelle Brunswick Alton Gouravilla Edinburgh Glassaugh Glassaugh Edinburgh Glassaugh Brunswick
NUWARA ELIYAS

@ @ @ @ @ @ @ @

St. James Hindagala St. James Demodera 'S' St. James Meddakande Wewesse Shawlands Adawatte St. James
UVA HIGH

BOP BOPS BOPF/BOPFS BOP1 FBOP/FBOP1 FBOPF/FBOPF1 FBOPF/FBOPF1 OP/OPA OP1 PEK/PEK1 BOP BOPS BOPF/BOPFS BOP1 FBOP/FBOP1 FBOPF/FBOPF1 OP/OPA OP1 PEK/PEK1 PF1 BP1 BPS

@ @

850.00 580.00 500.00 810.00 * 900.00 610.00 610.00 1,100.00 1,150.00 900.00 1,100.00 550.00 770.00 635.00 610.00 * 610.00 435.00 450.00 1,250.00 500.00 370.00 380.00 ** 520.00 430.00 380.00 330.00 620.00 480.00 310.00 3,050.00 2,550.00 1,750.00 660.00 590.00 470.00 470.00 470.00 470.00 470.00 470.00 470.00 470.00 530.00 465.00 465.00 445.00 470.00 470.00 470.00 470.00

Uva Highlands Craig Uva Highlands Battawatte Spring V alley Craig Spring V alley Craig Uva Highlands Mt. V ernon Florence Mt. V ernon

UNORTHODOX HIGH

Mahagastotte Lovers Leap Mahagastotte Court Lodge Lovers Leap Court Lodge
UDAPUSSELLAWAS

@ @ @ @

@ @

UNORTHODOX MEDIUM

Luckyland Kirklees Ragalla Blairlomond Luckyland Delmar Ragalla Liddesdale Mooloya Gampaha Gampaha Gampaha
LOW GROWNS

@ @ @ @

Pothotuwa Parakaduwa Suduwelipothahena Sup Katandola Derangala Hills South Co-op Ceciliyan Renukanda Geekiyanahena Hiniduma'SH' Nawagamuwehena Hiniduma'SH' Pothotuwa Sithaka Fairy Land Tea Bank Golden Garden New Batuwangala H.P.P. Tea Samwin New Batuwangala

@ @ @

@ @

Carolina PF1 New Peacock BP1 Strathdon CTC BPS 450.00 Duckwari OF 450.00 UNORTHODOX LOW 425.00 Kalubowitiyana PF1 460.00 Suduwelipothahena BP1 425.00 Supreme CTC BPS 420.00 SUPPLEMENT ARY 420.00 FBOPFSP 420.00 Ivy Teas FBOPFEXSP 560.00 Naptune FBOPFEXSP1 520.00 Linara 375.00 DUSTS 500.00 St. Coombs DUST1 Suduwelipothahena CTCPDUST 720.00 OFF GRADES 720.00 Fordyce FGS/FGS1 720.00 Clydesdale FGS/FGS1 700.00 Mahagastotte FGS/FGS1 700.00 Drayton FGS/FGS1 720.00 Bearwell FGS/FGS1 710.00 Lovers Leap FGS/FGS1 700.00 Waverly FGS/FGS1 620.00 Nawalakanda FGS/FGS1 620.00 Hingalgoda CTC PFGS 620.00 Nawalakanda BM 630.00 Wewelkandura BM 840.00 Orange Field BP 840.00 Wewelkandura BOP1A 830.00 Deshika BOP1A 820.00 Aberfoyle BOP1A 820.00 Black River BOP1A 800.00 1,000.00 840.00 1,750.00

@ @ @

@ @ @

@ @ @

@ Sold by Forbes & Walker T ea Brokers (Pvt) Ltd/ **All Time Record Price * Equal All Time Record Price FORBES & WALKER TEA BROKERS (PVT) LTD SALE OF - 16TH/ 17TH SEPTEMBER 2013

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Page 7 Page 7

2013 WEEKLY 64,442 6,079,057 21,157 6,614 6,171,270 91,860 TODATE

QUANTITY SOLD DURING THE PERIOD 09TH - 14TH SEPTEMBER 2013

WEEKLY PRIVATE SALES 2,288,229 PUBLIC AUCTION 115,253 6,206,270 FORWARD CONTRACTS 593,769 DIRECT SALES 1,230,017 TOTAL 15,645 6,337,168 BMF EXCLUDED FROM PRIVATE SALE 7,635,267 95,905 NIL

2012 TODATE 2,886,540 234,180,735 NIL 1,207,501 238,243,044 6,619,037

238,583,015

242,534,821

PUBLIC AUCTION / GROSS SALE AVERAGES

SALE NO : 36 SALE OF : 10TH/11TH SEPTEMBER 2013 2013 WEEKLY TODATE SLR USD SLR USD Uva High Grown 416.06 3.09 364.13 2.85 Western High Grown 478.93 3.56 397.08 3.10 CTC High Grown 401.05 2.98 369.56 2.89 High Grown (Summary) 458.33 3.41 387.30 3.03 Uva Medium Grown 428.32 3.18 392.22 3.07 Western Medium Grown 423.79 3.15 377.24 2.95 CTC Medium Grown 391.89 2.91 356.13 2.78 Medium Grown (Summary) 425.46 3.16 382.87 2.99 Orthodox Low Grown 494.63 3.68 450.29 3.52 CTC Low Grown 474.61 3.53 427.60 3.34 Low Grown(Summary) 494.04 3.67 449.56 3.51 Total 477.11 3.54 426.07 3.33 2012 TODATE SLR USD 328.61 2.60 368.49 2.92 339.21 2.69 357.38 2.83 346.07 2.74 336.43 2.66 330.96 2.62 340.15 2.69 402.73 3.19 417.39 3.30 403.20 3.19 383.43 3.04 2011 TODATE SLR USD 304.52 2.77 339.61 3.09 314.83 2.86 329.54 3.00 323.04 2.94 322.25 2.93 316.09 2.88 322.55 2.93 384.83 3.50 396.97 3.61 385.15 3.50 362.26 3.30

WEEKLY SLR USD 394.81 2.95 412.51 3.08 388.11 2.90 409.89 3.06 379.19 2.83 368.14 2.75 365.62 2.73 370.96 2.77 425.19 3.18 421.42 3.15 425.06 3.18 414.06 3.09

WEEKLY SLR USD 292.82 2.64 308.62 2.78 293.52 2.65 304.06 2.74 290.84 2.62 292.76 2.64 274.03 2.47 292.05 2.63 370.38 3.34 430.88 3.88 371.82 3.35 346.11 3.12

QUANTITY SOLD AND THE AVERAGE PRICE PER AUCTION

2013
SALE DATE QTY M/KG AV/PRICE Approx RS US$ QTY M/KG

2012
AV/PRICE Approx RS US$ QTY M/KG

2011
AV/PRICE Approx RS US$

Equivalent 27TH AUGUST 2013 5.89 03RD SEP 2013 6.08 468.80 477.11 3.48 3.56 6.30 6.20 410.67 414.06

Equivalent 3.07 3.10 5.70 5.90 344.05 346.11

Equivalent 3.10 3.12

RATES OF EXCHANGE AS AT 17 September, 2013

YEAR US.DOL STG.PD YEN EURO

2013 2012 2011

133.88 133.44 110.96

213.45 217.26 174.60

1.35 1.70 1.46

179.21 175.50 151.93

SRI LANKARUPEEAPPROX. PER UNIT OF CURRENCY

CROP AND WEATHER

For the period of 09th - 15th September 2013 Western Region / Nuwara Eliya Region / Udupussellawa Region / Low Growns Dull weather conditions and heavy scattered showers were reported throughout the week. Heavy blowing was experienced in Udupussellawa region. Uva Region Badulla and Madulsima agro climatic planting districts experienced bright weather throughout the week whilst other regional agro climatic planting districts experienced occasional showers throughout the week. Crop Intake Crop intake for Nuwara Eliya and Low Growns increased whilst Udupussellawa and Uva region maintained. Western region showed a marginal decline compared to last week levels.

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SRI LANKA TEA EXPORTS

DESCRIPTION AUGUST 2013 QUANTITY (kgs) VALUE Rs. APPROX.AV.UNIT FOB VALUE PER kg.Rs/Cts

Tea In Bulk Tea In Packets Tea In Bags Instant Tea Green Tea
TOTAL

12,070,831 16,596,435 2,194,749 124,116 463,516

31,449,647

6,588,921,922.00 9,007,464,298.00 2,421,627,588.00 127,668,565.00 685,026,187.00

18,830,708,560.00

545.85 542.73 1,103.37 1,028.62 1,477.89

598.76

AUGUST 2012

Tea In Bulk Tea In Packets Tea In Bags Instant Tea Green Tea
TOTAL

10,124,508 9,493,891 1,942,431 28,833 350,321

21,939,984

4,998,298,765.00 4,982,724,573.00 2,203,495,646.00 26,905,182.00 424,568,557.00

12,635,992,723.00

493.68 524.83 1,134.40 933.14 1,211.94

575.93

JANUARY/AUGUST 2013

Tea In Bulk Tea In Packets Tea In Bags Instant Tea Green Tea
TOTAL

82,996,423 101,733,622 16,589,692 1,110,424 3,271,184

205,701,345

44,124,955,734.00 55,946,012,160.00 17,755,627,483.00 1,109,780,716.00 4,371,815,014.00

123,308,191,107.00

531.65 549.93 1,070.28 999.42 1,336.46

599.45

JANUARY/AUGUST 2012

Tea In Bulk Tea In Packets Tea In Bags Instant Tea Green Tea
TOTAL

83,127,209 100,799,421 15,878,905 945,035 3,263,640

204,014,210

40,207,378,092.00 51,452,352,816.00 16,591,059,426.00 776,205,719.00 3,659,525,354.00

112,686,521,407.00

483.68 510.44 1,044.85 821.35 1,121.30

552.35

Source : Sri Lanka Customs Statistical Dept.

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MAJOR IMPORTERS OF SRI LANKA TEA JANUARY/AUGUST 2013

COUNTRY C.I.S.

BULK TEA 33,589,534

PACKETED TEA 8,526,089

TEA BAGS 2,454,453

INSTANT TEA

GREEN TEA 1,493,808

TOTAL 2013 46,063,884

TOTAL 2012 48,252,205

IRAN

10,383,292

13,897,959

72,122

20,724

24,374,097

25,425,036

TURKEY

3,699,352

15,636,553

362,653

15,950

19,714,508

14,643,655

IRAQ

137,760

14,612,347

81,002

39,392

14,870,501

13,769,303

SYRIA

578,140

12,521,938

826,892

2,077

13,929,047

16,177,767

U.A.E.

5,635,291

5,177,196

417,136

288,472

11,518,102

7,511,936

KUWAIT

347,270

10,228,257

399,139

21,210

10,995,876

4,094,233

JAPAN

5,175,362

389,616

480,421

1,296

6,046,695

6,150,987

JORDON

172,674

3,253,005

1,439,637

19,676

4,884,992

5,944,263

LIBYA

4,409,790

36,480

105,590

4,551,860

11,832,523

FORBES & WALKER TEA BROKERS (PVT) LTD SALE OF - 16TH/ 17TH SEPTEMBER 2013
MOST COMPREHENSIVE WEBSITE ON TEA www.forbestea.com
Page 10 Page 10

BANGLADESH AUCTION
SALE OF - 17TH SEPTEMBER 2013 (SALE NO.19)
CTC LEAF: 32,527 packages and 102 packages of Old Season teas on offer met with a fairly good demand which eased towards the close. BROKENS: Good liquoring Brokens met with a fairly good demand and were generally firm but were easier towards the close. These types sold between Tk.195/- and Tk.198/-. The remainder followed a similar trend but eased by a large margin. There were some withdrawals. FANNINGS: Good liquoring Fannings were initially a strong market and were firm to occasionally dearer. Prices ruled between Tk.196/and Tk.200/-. Mediums were also a good market although prices declined with the progress of sale. Similarly this trend prevailed for the plainer varieties where there were fair withdrawals. CTC DUST: 6,836 packages of teas on offer met with a fairly good demand at mostly easier rates. Select few lines of good liquoring Ds met with strong competition and were dearer. Other varieties also sold well but at easier rates. CDs eased further with some withdrawals. Blenders lent good interest with fair support from the Loose tea buyers. COMMENTS: The market opened on a fairly strong note on better liquoring types but demand slackened towards the end whereby a large weight of tea was withdrawn. Blenders were less active whilst there was fair interest from the Loose tea buyers for popular varieties. Dusts met with an improved demand at easier rates.

QUOTA TIONS

BROKENS

FANNINGS

Large/Bold Medium Small Plain

2.39 - 2.46 2.35 - 2.43 2.43 - 2.50 2.07 - 2.20

Best Good Medium Plain

2.55 - 2.61 2.50 - 2.53 2.42 - 2.48 2.07 - 2.20

Source - National Brokers Limited

MALAWI AUCTION
SALE OF - 17TH SEPTEMBER 2013 (SALE NO.38)
There was selective demand at irregular easier rates for the 5520 packages on offer. BP.1 were firm to 3 Cents dearer. PF.1 met very selective at irregularly easier rates. PF were barely steady. PD - Few better invoices were firm to dearer, Lesser sorts were neglected. D.1 were about firm on last. PF.1 SC met with limited enquiry at easier rates. Secondary teas were firm to dearer and were up by 2 to 6 USC on last. Source - Tea Brokers Central Africa Limited

KOLKOTA AUCTION
SALE OF - 17TH SEPTEMBER 2013 (SALE NO.38)
Good demand.: Good liquoring Assams irregular around last levels with quality. Western India active. Tata Tea active. HUL selective so far. Exporters active on larger Brokens and Fannings. Regional Packeteers some enquiry. Source - National Brokers Limited

GUWAHATI AUCTION
SALE OF - 17TH SEPTEMBER 2013 (SALE NO.38)
Market opened to good demand. Better liquoring teas seen so far barely steady. Clean grainy mediums around last. Plain yet to sell. TGBL fairly active operating mainly on clean mediums. Western India operating on liquoring varieties. HUL selective. Some Export enquiry on bolder Brokens. Other Internal operating. Source - National Brokers Limited

MOMBASA /JAKARTA /COCHIN AUCTION

Due to the advancement of Tea Auctions in Colombo this week reports of the above Auction Centres were not available at the time of this publication.

FORBES & WALKER TEA BROKERS (PVT) LTD SALE OF - 16TH/ 17TH SEPTEMBER 2013
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Page 11 Page 11

WORLD CROP STATISTICS IN (Mn/kgs)

Todate 2011 Sri Lanka Malawi Bangladesh Kenya North India South India Indonesia July July July July July July July 24.7 1.0 8.1 26.3 111.9 21.3 2012 25.0 1.1 8.3 24.3 112.5 20.5 3.7 2013 22.6 1.7 9.0 26.2 138.2 16.9 4.4 2011 188.1 33.1 23.4 204.8 348.1 143.5 Todate 2012 189.2 33.1 23.7 182.5 375.0 137.9 34.5 Todate 2013 196.5 31.9 24.1 251.9 418.4 132.3 33.3 Difference +/2011 vs 2012 1.1 0 0.3 -22.3 26.9 -5.6 2012 vs 2013
7.3

-1.2 0.4 69.4 43.4 -5.6 -1.2

CATALOGUES
SALE NO. 39 - SCHEDULED FOR 1ST/2ND OCTOBER 2013

The Ex Estate catalogue closed on 12th September 2013 excluding violations. The Main Sale catalogue closed on 13th September 2013 excluding violations.

SALE NO. 40 - SCHEDULED FOR 8TH/9TH OCTOBER 2013

The Ex Estate and Main sale catalogues are scheduled to close on 20th September 2013.

SALE NO. 41 - SCHEDULED FOR 14TH/15TH OCTOBER 2013

The Ex Estate and Main sale catalogues are scheduled to close on 26th/27th September 2013 respectively.

The details of teas awaiting sale are given on the last page of this report.

FORBES & WALKER TEA BROKERS (PVT) LTD SALE OF - 16TH/ 17TH SEPTEMBER 2013

MOST COMPREHENSIVE WEBSITE ON TEA www.forbestea.com

Page 12 Page 12

DETAILS OF TEAS AWAITING SALE

SALE NO : 38 SCHEDULED FOR 24TH/ 25TH SEPTEMBER 2013
LOT 1,078 1,021 3,742 2,534 1,975 480 277 11,107 304 QUANTITYkgs 1,284,242 527,382 1,761,776 1,436,815 1,140,297 494,129 39,732 6,684,373 172,241 LOW GROWN CATALOGUES Leafy Closed on 06/09/2013 Tippy Closed on 06/09/2013 OTHER MAIN SALE CATALOGUES High & Medium Closed on 06/09/2013 Dust Closed on 06/09/2013 Supplementary Closed on 06/09/2013 Off Grades Closed on 06/09/2013 BOP1A Closed on 06/09/2013 Ex Estate Closed on 05/09/2013

Ex Estate High & Medium Low Grown : Leafy Low Grown : Tippy Off Grades Dust Supplementary

Violations Excluded Violations Excluded

Violations Excluded Violations Excluded Violations Excluded Violations Excluded Violations Excluded Violations Excluded

TOTAL
Re-print

No of Pkgs : 166,944 CTC : 8,055 Pkgs - 452,999 kgs SALE NO. 38 - SALE OF 25TH/ 26TH SEPTEMBER 2012 Lots : 10,618 Re-print Lots : 305 Quantity : 6,122,123 kgs Re-print Quantity : 186,594 kgs

BUYERS' PROMPT SELLERS' PROMPT

: 01/10/2013 : 02/10/2013

SALE NO : 39 SCHEDULED FOR 01ST/ 02ND OCTOBER 2013

Ex Estate High & Medium Low Grown : Leafy Low Grown : Tippy Off Grades Dust Supplementary LOT 1,010 956 3,480 2,368 2,284 519 179 10,796 290 QUANTITYkgs 1,183,597 483,065 1,581,016 1,322,271 1,275,312 516,615 25,491 6,387,367 174,798 LOW GROWN CATALOGUES Leafy Closed on 13/09/2013 Tippy Closed on 13/09/2013 OTHER MAIN SALE CATALOGUES High & Medium Closed on 13/09/2013 Dust Closed on 13/09/2013 Supplementary Closed on 13/09/2013 Off Grades Closed on 13/09/2013 BOP1A Closed on 13/09/2013 Ex Estate Closed on 12/09/2013
Violations Excluded Violations Excluded

Violations Excluded Violations Excluded Violations Excluded Violations Excluded Violations Excluded Violations Excluded

TOTAL
Re-print

No of Pkgs : 160,301 CTC : 7,420 Pkgs - 415,807 kgs SALE NO. 39 - SALE OF 02ND/ 03RD OCTOBER 2012 Lots : 10,756 Re-print Lots : 345 Quantity : 6,176,455 kgs Re-print Quantity : 188,745 kgs

BUYERS' PROMPT SELLERS' PROMPT

: 08/10/2013 : 09/10/2013

SALE NO : 38 SCHEDULED FOR 24TH/ 25TH SEPTEMBER 2013

ORDER OF SALE EX ESTATE CTB BC JK LC MB LG Large Leaf LG Small Leaf/BOPIA/Supp JK BC CTB FW EB High & Medium/Off Grade/Dust AS JK EB CTB LC Approximate Selling Time of F&W Catalogues 24TH SEPTEMBER 2013 Low Grown - Leafy Teas Low Grown - Tippy Teas Main Sale - High & Medium 02.45pm 12.10pm 11.30am

EB FW AS

MB AS LC

BC FW MB

BOP 1A 25TH SEPTEMBER 2013 Ex-Estate Off Grade Supplementary DUST

02.50pm 10.45am 02.05pm 02.50pm 04.45pm

FW - F & W Tea Brokers (Pvt) Ltd JK - John Keells PLC BC - Bartleet Produce Marketing (Pvt) Ltd EB - Eastern Brokers Ltd

AS - Asia Siyaka Commodities (Pvt) Ltd MB - Mercantile Produce Brokers (Pvt)Ltd LC - Lanka Commodity Brokers (Pvt) Ltd CTB - Ceylon Tea Brokers Ltd

FORBES & WALKER TEA BROKERS (PVT) LTD SALE OF - 16TH/ 17TH SEPTEMBER 2013