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Tuesday, November 6, 2007

Tea Prices Firm At Kolkata Auctions

Kolkata: Last week, CTC teas at the North Indian tea auction centres at Kolkata, Siliguri and Guwahati met with very good demand and sold at all round fully firm to dearer rates with active support from the blenders and domestic buyers, according to J. Thomas & Company Pvt Ltd, tea auctioneers.

Orthodox varieties also saw a good demand. The whole leaf grades and fannings held levels while brokens recorded a slight easing. The CIS and West Asia continued to be the main operators.

Darjeeling teas witnessed better all round enquiry and sold readily at firm levels. The blenders lent good support with selective enquiry on better sorts. The local dealers were active.

Weather conditions were seasonal and crop intakes normalised during the week.

International

In Colombo, Sri Lankan teas, after having witnessed a continuous appreciation for several weeks, recorded a slight decline following an easing in demand.

Kenyan teas at Mombasa auction saw improved demand at generally firm to dearer rates, following strong enquiry from Egypt, Pakistan and West Asia.
Posted by Indian-commodity at 10:33 AM

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