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Commodity Market : Indian-commodity.com

Monday, December 3, 2007

Strong Demand At Kolkata Tea Sale

Kolkata: Last week, CTC teas in Kolkata, Guwahati and Siliguri auctions saw strong and consistent demand, according to the tea auctioneers, J. Thomas & Company Pvt Ltd. The price levels appreciated following active inquiries from the major blenders, western Indian and other internal buyers. The export inquiry too was fair.

Orthodox varieties also saw a good support, the CIS and West Asia interests and prices were generally firm, with larger brokens appreciating in value. Darjeeling offerings too met with a good general demand. Better whole leaf grades gained in value. The major blenders, traditional exporters and local dealers operated actively.

Crop & Weather

With cold weather beginning to set in, the crops are now showing a decline and the season is expected to close shortly.

International

In Colombo, Sri Lankan teas saw a strong demand and were strongly competed for at dearer rates. The leafy grades rose to all-time highs. Iran operated strongly with good support from CIS and Dubai.

Kenyan teas at Mombasa saw good inquiry with the price levels maintained irregularly around last.
Posted by Indian-commodity at 11:06 AM

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