The Hindu Business Line : Good demand for CTCs in N. Indian auctions

Last week, the new season CTC teas in North Indian auctions met with good demand and fetched significantly higher prices than those of the previous seasons, according to J. Thomas & Company Pvt Ltd, the tea auctioneers.

Good Dooars sold at Rs 95-110, and medium Dooars Rs 80-90. Good Assam brokens sold between Rs 100-120, fannings between Rs 100-107 and dusts Rs 104-110

. Packets were mostly quiet while there was strong inquiry from local and internal buyers.

Orthodox

Orthodox varieties sold readily at levels similar to last year, while smaller brokens fetched considerably higher prices.

The CIS and the West Asia shippers offered good support with some inquiry from North Indian buyers for bolder varieties.

Local buyers were active for smaller brokens and fannings.

There was no Darjeeling sale this week due to paucity of offerings.

CROP

New season arrivals are below that of previous season but most estates have reported an increase in leaf intake in early April.

INTERNATIONAL MARKETS

Selected better teas saw good demand at fully firm levels but the remainder eased in value. Traditional exporters operated as usual.

In Mombasa auction, BP1s and D1s were irregular while PF1s and PD1s met with ready demand at firm to dearer rates.

Pakistan packers were active with renewed interest from Afghanistan, Yemen, Sudan, Kazakhstan, Russia, Egypt and Somalia.

More Stories on : Tea

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Wheat arrivals delayed as weather plays truant

Onion yard

Coonoor tea market erratic, volume not fully absorbed

Good demand for CTCs in N. Indian auctions

Gold may test resistance levels

Gold seen negative in short-term