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Agri-Biz & Commodities - Tea
North Indian tea market sees good demand

Our Bureau

Kolkata, June 29 The Kolkata CTC sale saw strong demand with improved liquoring sorts dearer while remainders were around last levels, according to J Thomas & Company Pvt Ltd, the tea auctioneers.

Guwahati and Siliguri auctions however witnessed an irregularly lower trend following a decline in the quality of offerings.

The major blender continued to be very selective while Tata Tea and other packeteers operated in strength. Local and internal sections were active with some export interest.

Darjeeling teas met with good demand at firm to dearer rates following quality. Traditional exporters operated.

UK/Continental shippers were active with some Japanese interest.

Major blender offered good support. Local dealers operated on cheaper varieties.

Orthodox teas met with strong demand and sold at firm to dearer rates.

Tippy sorts fetched attractive prices.

West Asia and CIS continued to operate actively while the Continent operated on tippy sorts.

The major blender and local dealers offered good support.

CROP

Leaf intake continues to vary from area to area in North India and overall production in June has been below that of last year.

INTERNATIONAL

In Mombasa, BP1s and Dust1s met with good demand at firm to dearer rates, while the remainder were irregularly lower.

There was strong support from Sudan with more inquiries from Egyptian packers, Russia and Kazakhstan. There was less interest from Pakistan packers, Afghanistan and the Bazaar with some support from Yemen and other West Asian countries at lower levels. Somalia continued to be fairly active at lower levels.

In Colombo, Low Growns appreciated in value while tippy teas once again were well sought after and the best on offer appreciated substantially, whilst the others too gained but to a lesser extent. Leafy varieties too continued to sell at firm to dearer rates. There was strong demand from shippers to Iran, Dubai, Iraq and Turkey whilst the other traditional out markets were as usual.

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