Monday, April 21, 2008

Orthodox Teas Firm To Dearer In N. Indian Sale

Kolkata: The CTC leaf and dust teas in North Indian auction centres at Kolkata, Siliguri and Guwahati met with strong enquiry from local and internal dealers and sold readily at considerable premiums over the corresponding sale of the previous year, according to J. Thomas & Company Pvt Ltd.

The major blenders were quiet.

Plainer sorts

In the orthodox sale, whole leaf, larger brokens and fannings were firm to dearer while smaller brokens were irregularly lower.

West Asia and CIS shippers were active while local dealers operated on smaller grades.

Darjeeling

The small weight of Darjeeling teas on offer sold well following quality with only the plainer sorts easing in value.

Traditional exporters and local dealers were the mainstay of the market.

Crop

Tea Board, shows that the production at 1.3 million kg was lower by 0.3 million kg compared to the previous year.

During the period, the South Indian crop at 16.4 million kg was ahead by three million kg compared to last year.

International

The Mombasa auction this week saw strong demand with all sorts appreciating sharply. Pakistan, Afghanistan, Egypt, Somalia, West Asia, Kazakhstan, Russia and Sudan showed strong interest. There was no sale in Colombo this week.

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