Monday, July 21, 2008

Kolkata Tea Sale Sees Good Demand For Good Liquoring Ctcs - July 21, 2008

Kolkata: Last week, good liquoring CTC teas sold gladly at around last levels while the remainders were irregularly lower in line with quality. There was fair inquiry from the major blender and Tata Tea while Western India and other internal and local sections offered good support.

Darjeeling offerings met with good demand. Orthodox teas witnessed strong demand with whole leaf and larger brokens firm to dearer. Leaf intake remained to be well below that of the corresponding week of the previous year. Egyptian and Afghanistan packers lent very strong support while Pakistan and Russia packers displayed less interest with maintained activity from Kazakhstan, Yemen and other West Asian countries. The Colombo auction witnessed strong demand at dearer rates for all sorts except the poorer varieties and OPs which were irregularly lower.

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