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Commodity Market : Indian-commodity.com

Wednesday, September 26, 2007

Coimbatore tea auctions to witness fair demand

Coimbatore: Total offerings amounted to 5.09 lakh kg of tea, of which leaf grades calculated for 1.71 lakh kg and the rest of the dust. There was fair demand for orthodox leaf. Select well-made Nilgiri high grown ruled occasionally dearer, others quoted lower by up to Rs 2. While internal demand was limited to whole leaf grades, CIS exporters lent fair support. Internal purchasers and few exporters operated on orthodox dust grades. CIS exporters picked the bolder grades, others remained irregular. Select high priced CTC dust ruled firm, others were irregular and lower by Re 1. Medium/plainer bolder dusts with better appearance saw some demand, others remained irregular. Exporters and internal purchasers lent fair support. The orthodox high grown ranged between Rs 60 and Rs 71, while the best CTC teas ruled between Rs 43 and Rs 50.
Posted by Indian-commodity at 11:18 AM

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