The Hindu Business Line : Tea offerings at Coimbatore sales decline

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Coimbatore Jan. 22 The just-ended week registered a steep decline in tea offerings with the volumes plunging to 5.89 lakh kgs from 7.28 lakh kgs the previous week. While the dust volume was more or less at the same level at 3.16 lakh kgs, tealeaf offerings fell to 2.73 lakh kgs.

The trend, however, prevailed with shippers to the CIS countries operating on high grown Orthodox leaf grades. For the second consecutive week, Iraq exporters remained silent, HLL showed interest on larger leaf grades, well made Nilgiris larger leaf sold firm to dearer while medium fannings sold around last levels.

Few exporters and internal buyers operated on orthodox dust.

Fair demand

The demand was generally fair for the CTC leaf. There was some upcountry demand for the brighter liquoring teas. Medium bolder grades remained barely steady, while brokens and fannings ruled firm to dearer, especially the selected medium types. Exporters and major blenders lent fair support; internal buyers were selective.

Selected invoices of high priced popular mark CTC dust quoted dearer by Re 1. While Tata tea and internal buyers lent fair support, major blenders were absent.

The orthodox high grown was quoting between Rs 75 and Rs 97, while the medium orthodox Nilgiris ruled between Rs 44 - Rs 47.