The Hindu Business Line : CTC leaf, dusts in demand at Kolkata auctions

Kolkata, July 13 Last week, good liquoring CTC leaf and dust varieties continued to sell well at the Kolkata auctions while others were irregularly lower following decline in quality, according to J Thomas & Company Pvt Ltd.

Guwahati saw an irregularly lower trend, while Siliguri opened on a similar note but, with progress of sale, liquoring sorts saw better demand at around last levels. The major blender was fairly active at Guwahati and operated at Siliguri, but were selective at Kolkata. There was less support from Tata Tea. Other internal sections operated as usual with fair export interest.

Darjeeling offerings met with good demand. Better whole leaf sold well while the remainder tended irregular because of quality. Brokens and fannings displayed a similar trend. There was good support from traditional exporters, UK/Continent, along with some Japanese interest. Major blender and another packeteer operated. Cheaper varieties were sought after by the local dealers.

Orthodox teas sold well in line with quality with selected well-made teas occasionally tending dearer. West Asia and CIS continued to operate actively while the Continent operated on the tippy sorts.

CROP

The North Indian crop for May has been announced at 46.9 million kg (mkg), a decline of 4 mkg over 2007. The all-India May figure at 70.3 mkg is behind by 4.1 mkg. The January to May production figure for North India now stands at 142.9 mkg, an increase of 2.2 mkg, while the all-India production at 240.2 mkg is ahead by 13.8 mkg.

The Mombasa market saw good demand at generally firm to dearer rates except for the poorer sorts which were irregularly lower. Pakistan, Afghanistan and Sudan lent very strong support while Egypt and Kazakhstan showed less interest. Russia and the UK maintained interest. Somalia was fairly active at the lower end of the market. The Colombo auction saw strong demand at dearer rates for all sorts except the poorer varieties which were irregularly lower. There was strong demand from Iran, CIS and other traditional exporters.

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