The Hindu Business Line : Good demand for CTCs in Kolkata sale

The CTC teas on offer last week at Kolkata, Guwahati and Siliguri auctions saw good demand with better varieties holding levels, according to the auctioneers, J. Thomas & Company Pvt Ltd. Medium sorts eased with quality. The major blender, packeteers and domestic sections were the mainstay, with some export inquiry for bolder brokens and fannings. The highest price was Rs 132 per kg.

The Orthodox varieties were well received by Iran and the CIS countries with selective Continental inquiry for tippy sorts. Clean well made whole leaf and larger brokens were around last. Medium teas eased slightly. The highest price was Rs 1,205 per kg.

Darjeeling teas saw good general demand with prices following the seasonal decline in quality.

The Tea Board crop estimates for June indicate a marginal rise in the North Indian production at 84.63 million kg, up by about 0.045 mkg over the same period last year while the South Indian production at 23.65 mkg showed an increase of 0.8 mkg during the same period. The all India crop up to June at 334.71 mkg was higher than that in the same period last year by 1.4 mkg.

Kenyan teas at Mombasa auctions saw good general demand at irregular rates with better sorts showing appreciation. Sri Lankan markets continued in a strong vein with tippy varieties appreciating considerably following better demand from Iran, Dubai and CIS countries.