Business Daily from THE HINDU group of publications Monday, Sep 24, 2007 ePaper |
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Agri-Biz & Commodities
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Tea Prices firm at Kolkata tea auction Our Bureau Kolkata, Sept 23 Last week, CTC teas, both leaf and dust, witnessed a good demand at all the three auction centres — Kolkata, Siliguri and Guwahati, with better varieties remaining fully firm to dearer levels, according to J. Thomas & Company Private Ltd. Prices for the remainder were steady. Active inquiry was forthcoming from the western India and other domestic buyers with good support from the blenders. Orthodox teas saw good demand at fully firm rates for all categories with good inquiry from the CIS countries andWest Asia. The north Indian buyers and a major blender also operated with strength. Darjeeling varieties once again saw good general demand and sold readily at last levels. CROP & WEATHERIn Assam, the weather condition has improved and crop intakes have regularised. INTERNATIONALKenyan teas at Mombasa auctions saw a good demand. Best and brighter varieties sold at firm to dearer rates while medium and plainer sorts eased slightly with quality. At Colombo auctions, Sri Lanka saw strong demand continuing unabated from the CIS countries, Iran and Dubai. Prices for all categories continued to move upwards. Future sales too are expected to witness an upward pressure, with quantities on offer being significantly lower. More Stories on : Tea
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