Wednesday, May 14, 2008

Fair Demand At Coimbatore Tea Sales

Coimbatore: The offerings of tea at the weekly auction held here on Friday totaled 6.03 lakh kg with leaf grades accounting for 2.02 lakh kg and the balance 4.01 lakh kg comprising dust.

Limited quantity of orthodox leaf on offer met with fair demand. CIS exporters lent fair support.

Limited quantity of orthodox dust grades sold around last.

HUL selective

There was fair demand for the CTC leaf. The best teas remained irregular around last, the bolder grades and plainer sorts quoted lower by Re 1 and the better liquoring smaller brokens and fannings ruled dearer. There were some withdrawals on bolder brokens. While HUL was selective, exporters lent fair support.

Good liquoring popular CTC dust and better medium grades ruled steady. HUL operated selectively.

The best CTC teas moved in the Rs 57 – Rs 64 price band, while the medium orthodox dust was slightly lower ranging between Rs 50 and Rs 57. Good CTC dust teas quoted between Rs 65 and Rs 68.

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