Tea Price Declines At Kolkata, Guwahati Auctions

Kolkata: CTC leaf and dust teas at Guwahati and Kolkata auctions were in good demand with prices following a fall in quality. At the Siliguri auction on May 10, there was a change in market trends with improved demand, and as a result, the prices were firm to dearer. Darjeeling teas met with good demand, but prices were lower following quality. Orthodox teas were also in good demand with the prices of all the clean and better categories ruling firm to dearer except the larger brokens that sold at irregular levels. The Tea Board recently released the crop figures for March displaying a fall in output by an estimated 7.4 mkg. However, the exports in March recorded a healthy increase of 5.5 mkg over the corresponding month in the previous year.