Business Daily from THE HINDU group of publications
Tuesday, Oct 14, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, Oct 14, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Agri-Biz & Commodities
-
Tea Tea prices turn buoyant on demand in Coonoor sales P.S. Sundar Coonoor, Oct 13 After last week’s reversal, market once again turned buoyant on Friday as demand was generally adequate to absorb the 13.44 lakh kg offered at sale No: 41 of the Coonoor Tea Trade Association (CTTA) auctions. On an average, prices rose Rs 2 a kg. The bottom level increased to a new-high of Rs 72 a kg from last week’s Rs 68. The previous-high was Rs 70 a fortnight ago. Consequently, exporters had to pay more to build stocks. Egypt picks CTC dustOn the high-end range, CIS bought bolder CTC leaf up to Rs 74 a kg and Egypt picked up CTC dusts paying up to Rs 96. Poland’s bids ranged Rs 66-70. Pakistan restricted its purchases to smaller brokens and fannings. There was some purchase for Tunisia, Iraq and European ports. “Better medium and medium CTC leaf grades saw improved demand at Re 1-Rs 3 a kg more and bolder brokens Rs 2-3 up. But, some brighter-liquoring teas suffered withdrawal for want of high-end bids. Orthodox invoices fetched premiums matching quality. Flaky sorts, however, lost Rs 5. Improved liquoring CTC dusts fetched handsome premiums. Many got Rs 4-6 more. Medium sorts advanced by Rs 3-5. Plainers fetched Rs 2-4 more. Clean secondary orthodox dusts gained Rs 4-6. Powdery residuals advanced up to Rs 4,” an auctioneer told Business Line. CTC ON DEMANDAmong CTC teas from bought-leaf factories, Darmona Estate, auctioned by J Thomas & Co, fetched the highest bid of Rs 120 a kg for two dust grades – RD and SRD. Two of its leaf grades also shot to Rs 100 price-band – BOPF (Rs 115) and BP (Rs 105). More Stories on : Tea
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|
