The Hindu Business Line : Tea market dearer at Coimbatore sales

The total tea offerings at the sale no 36 improved marginally to 4.93 lakh kg from the previous week's offer of 4.51 lakh kg. The leaf grades accounted for 2.22 lakh kg of the offered volumes and the balance was of the dust. The market was by and large dearer.

The demand for the Orthodox leaf was generally good, quoting dearer by Rs 2 to Rs 4 a kg. CIS exporters absorbed the offered volumes of the high grown Nilgiris larger and well-made brokens. Major blenders operated on well-made medium brokens albeit selectively.

Few exporters and internal traders were active on orthodox dust.

CTC leaf

While the demand was fair, the rates for all varieties of the CTC leaf slipped downwards. There were limited enquiries for bright liquoring teas from upcountry buyers. HLL operated selectively in better medium varieties. The medium bolder grades were steady to easier, while the medium brokens were irregular, quoting lower by Rs 2 to Rs 3 per kg.

Smaller brokens and fannings and those suitable for the buyers operating for Pakistan were lower by Re 1 to Rs 2, whereas, the others declined further.

CTC dusts opened easier by Re 1 to Rs 3 and thereafter with progress of sale, the response improved gradually on medium/plainer varieties. HLL showed interest only on select medium varieties. Exporters and internal traders lent fair support. AVT and Indcoserve were selective on good liquoring teas.

The orthodox high grown was quoting around Rs 69 and Rs 78, while the medium Nilgiris teas between Rs 48 and Rs 61 per kg. Quality CTC teas fetched anywhere between Rs 48 and Rs 58 per kg. Good CTC dust hovered around Rs 61 and Rs 65.

More Stories on : Tea | Outlook

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`NCDEX world's third largest agri-exchange'

December, not March, to decide wheat output

Rain in South to sustain for 4 more days

Real state of Orissa's economy

Spot rubber slips further

Tea market dearer at Coimbatore sales

Desilting, bund strengthening works

`India needs more special metals'

Soyameal export up 80 pc; Vietnam main buyer

Cashew industry plans to tap expats in UAE

Gold prices nosedive

For farmers, the real issue is access to credit

FDI hopes

Farmers' body to market honey in north India