Wednesday, April 25, 2007

Coimbatore Tea Auctions Witnesses Fair Demand

Coimbatore: The total offerings at the Tea Trade Association, Coimbatore, amounted to 3.51 lakh kg of tea of which leaf grades totaled for 1.50 lakh kg and the rest dust. There was fair demand for the orthodox leaf grades. All sorts tended lower by Rs 2 to Rs 4 a kg. CIS lent fair support, major blenders were quiet and internal demand limited on whole leaf grades. There was fair support for the brighter liquoring CTC leaf from upcountry buyers. Others were irregular and ruled lower by Re1/kg. HLL was selective on smaller grades and internal demand fair for smaller grades of tea. The CTC dust grades witnessed good demand. Internal purchasers lent good support. Exporters remained quiet. The orthodox high grown ruled between Rs 63 and Rs 76 a kg while best CTC dust grades ranged between Rs 62 and Rs 71/kg.

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