Business Daily from THE HINDU group of publications
Monday, Jun 04, 2007
ePaper
Business Daily from THE HINDU group of publications Monday, Jun 04, 2007 ePaper |
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Agri-Biz & Commodities
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Tea Tea markets buoyant Our Bureau
Kolkata June 3 Markets continued to be buoyant with prices ruling firm to dearer for all CTC and dust varieties in the three North Indian auction centres, according to J. Thomas & Company Ltd, the tea auctioneers. All sections of the trade were active with the major blenders operating selectively. Darjeeling teas met with good demand, with prices being irregular following quality. Orthodox teas continued to meet with good demand particularly from the buyers for CIS countries and the Middle East. The prices ruled firm to dearer. The climatic condition in the last month was not conducive to good crop, with the result the production for May, according to tea auctioneers, could be below expectation.
Global demand
The market in Colombo continued to witness active demand with support from the buyers for Iran, CIS countries and Dubai. Production reports up to April indicate a shortfall of 21.7 million kgs, vis-à-vis the same period of the previous year. In Mombasa, better quality teas ruled firm to dearer.
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