The Hindu Business Line : Good demand for CTC teas in N India sale

Last week, the CTC auctions in North India met with good demand and the teas sold readily at attractive prices and at considerable premiums over the same period last year, according to the tea auctioneers, J. Thomas & Company Pvt Ltd . The local dealers and western India buyers were active with useful support from other internal sections. The packeteers were quiet. In the orthodox section, clean well made whole leaf grades remained firm. Brokens and fannings were steady except a few smaller and flakier varieties which were irregularly lower. The West Asian and the CIS shippers were active with local dealers operating on smaller grades.

The Darjeeling offerings saw a good demand and sold well following quality. Plainer sorts, however, were irregularly lower. The traditional exporters and local dealers operated while the UK/Continent shippers were selective.

CROP

After a poor start in March, most growing regions reported conducive cropping conditions, and April crop is likely to make up the March losses.

INTERNATIONAL

The Mombasa auction last week saw brighter PD and dust grades firm to dearer while the remainder were irregular. Pakistan, Yemen, Sudan, Egypt, Russia, Kazakhstan and Somalia continued to operate actively.

The Colombo auctions saw strong demand. Western medium and high growns were irregular while the remainder were firm to dearer. The CIS, UK/Continent and West Asian shippers were active with good inquiries from Japan, Turkey and Syria.

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