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P.S. Sundar

Coonoor May 14 Prices rose on the average a rupee a kg at sale No: 19 held by Coonoor Tea Trade Association (CTTA) here on Friday with the demand matching to absorb the low volume on offer.

Only 6.47 lakh kgs were on offer. This was the third lowest volume so far in 2007. But buyers showed interest to pick up only those lines which showed an improvement in quality. So, brighter liquoring sorts gained in price while the medium ones struggled to hold on to last levels. Some plainer teas suffered withdrawals. In all, some 20 per cent of the offer went unsold.

Export trend

On the export front, Pakistan continued to show interest for the well made brokens at Rs 42 to 43 a kg. CIS shippers picked up bolder varieties for around Rs 44 to 45.

Among the corporate buyers, Hindustan Lever Ltd (HLL) showed interest for the good medium sorts.

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