The Hindu Business Line : Good demand for CTC offerings

Last week, the CTC offerings at the North Indian auction centres in Kolkata, Siliguri and Guwahati met with good demand, with prices closely following the quality, according to J Thomas & Company Pvt Ltd, tea auctioneers.

Selected cleaner better sorts were around last week’s levels, while the remainder were on an easier trend following the decline in quality. There were good inquiries from major blenders and other domestic segments, while exporters were very selective.

Orthodox teas

Orthodox teas also met with good demand. Whole leaf grades tended lower while brokens and fannings were last and irregularly lower. The support from the CIS and West Asian shippers was fair with fannings meeting with inquiry from the major blender.

Darjeeling whole leaf grades were readily absorbed while brokens and fannings were irregularly lower. Local dealers were the mainstay of the market with some support from a major packeteer. Exporters were selective.

CROP & OFFERINGS

Arrivals at the auction centres are showing a sharp weekly decline following the closure of the growing season in North India.

The demand at Mombasa auctions continued to be strong with all sorts appreciating substantially following strong support from the shippers from Pakistan, Egypt, Kazakhstan, Yemen and West Asia.

The Colombo market witnessed an easier trend following heavy arrivals. Traditional export markets were active.