Business Daily from THE HINDU group of publications Tuesday, May 01, 2007 ePaper |
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Agri-Biz & Commodities
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Tea Good demand for CTC, dust tea at Kolkata Our Bureau
Kolkata April 30 There was good demand for CTC and dust offerings at the Guwahati, Siliguri and Kolkata auctions last week. The prices varied depending on the quality. Good Assam brokens were offered at Rs 92-106 per kg while good Dooars fetched Rs 90-100. The medium categories ranged between Rs 70 and Rs 80 per kg. The internal and local dealers were active. Darjeeling teas witnessed good demand from local and traditional exporters, with UK/Continent buyers operating selectively. Orthodox teas sold readily, with good Assam whole leaf attracting Rs 110-130 while brokens fetched Rs 90-105. CIS and West Asian buyers were active. Mixed reports are being received about the April production with some growing regions reporting lower crop.
INTERNATIONAL MARKETS
In Colombo, the Sri Lankan market continued to be buoyant with all categories being dearer. The buyers for Iran dominated the market despite competition from those from West Asian and CIS countries. Reports have been received about exporters in Sri Lanka facing shortage of space in Europe-bound container ships following the diversion of some routes to India by certain shipping lines. There was good news for the $40.2-million Tea Small Holders (enterprise development programme), which received approval of the Sri Lankan Government. Production for March dropped 16.15 per cent in Sri Lanka. The Mombasa market ruled firm to dearer for the better categories despite improved crop situation.
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