The Hindu Business Line : Good export demand at Coimbatore tea auctions

Coimbatore, June 26 Despite higher volume on offer, tea prices were dearer last week with exporters picking quality teas. Though internal buyers were active in select counters, Hindustan Unilever Ltd was absent.

The total offerings at the weekly auction held at the Tea Trade Association here on Friday amounted to 6.47 lakh kg with leaf grades accounting for 2.33 lakh kg and the balance 4.14 lakh kg of dust grades.

Small weight of Orthodox leaf on offer met with fair demand. The Nilgiris larger leaf and leafy brokens were dearer by up to Rs 4, following quality.

CIS exporters and buyers for the West Asian market lent fair support. Internal demand remained limited.

Internal support

There was good demand for orthodox dust. Flavoury primary grades sold at dearer levels, others at irregular rates. There was good support from internal buyers.

The demand was generally good for the CTC leaf grades. Clean and blacker teas were quoting dearer by up to Rs 2.

Popular good liquoring CTC dust remained irregularly dearer

Orthodox high grown was quoting in the Rs 73-90 price band, while the best CTC teas moved in the Rs 64-74 range.

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