Monday, July 14, 2008

Kolkata: CTC Leaf And Dust Varieties Maintained - July 14, 2008

Kolkata: CTC leaf and dust varieties maintained to sell well at the Kolkata auctions while others were irregularly lower following decline in quality. Guwahati witnessed an irregularly lower trend, while Siliguri opened on a similar note but, with progress of sale, liquoring sorts witnessed better demand at around last levels. Darjeeling offerings met with good demand. Brokens and fannings showed a similar trend. There was good support from traditional exporters, UK/Continent, along with some Japanese interest. Cheaper varieties were asked after by the local dealers. West Asia and CIS maintained to operate actively while the Continent operated on the tippy sorts. The North Indian crop for May has been declared at 46.9 million kg (mkg), a decline of 4 mkg over 2007. The all-India May figure at 70.3 mkg is behind by 4.1 mkg. The January to May output figure for North India now stands at 142.9 mkg, an increase of 2.2 mkg, while the all-India production at 240.2 mkg is ahead by 13.8 mkg. Pakistan, Afghanistan and Sudan lent very strong support while Egypt and Kazakhstan showed less interest. The Colombo auction witnessed strong demand at dearer rates for all sorts except the poorer varieties which were irregularly lower.

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