Business Daily from THE HINDU group of publications Monday, Aug 27, 2007 ePaper |
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Agri-Biz & Commodities
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Tea Good demand for orthodox, CTCs in Kolkata sale
Our Bureau Kolkata, Aug. 26 Last week, CTC teas at the North Indian auction centres met with good demand, according to J. Thomas & Company Private Ltd. Prices followed quality for good Assam and Dooars varieties, with plainer sorts holding firm. Western Indian and other domestic buyers and packeteers lent good support, while the major blender was selective. The exporters operated for larger brokens. The highest price was Rs 128 per kg. Orthodox varieties continued to witness a good demand at fully firm to occasionally dearer levels. There were active inquiries from the West Asia, the CIS countries and the North Indian buyers as well as the major blender. The highest price registered was Rs 510 per kg. Darjeeling teas were well absorbed irregularly around last, with support from traditional exporters, local dealers and the packeteers. CROP & WEATHER
Normalised conditions prevailed in Assam while in North Bengal, crops were still slow in recovering. INTERNATIONAL
Kenyan markets in Mombasa saw improved general demand with several categories appreciating in value, following active buying from Pakistan, Egypt and the CIS countries. In Colombo, Sri Lankan teas saw a slight easing in prices following the onset of the month of Ramadan. Sri Lanka is sending a delegation to Libya to explore opportunities.
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