Business Daily from THE HINDU group of publications Monday, Apr 21, 2008 ePaper | Mobile/PDA Version | Audio |
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Agri-Biz & Commodities
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Tea Orthodox teas firm to dearer in N. Indian sale Our Bureau Kolkata, April 20 The CTC leaf and dust teas in North Indian auction centres at Kolkata, Siliguri and Guwahati met with strong enquiry from local and internal dealers and sold readily at considerable premiums over the corresponding sale of the previous year, according to J. Thomas & Company Pvt Ltd. The major blenders were quiet. Plainer sortsIn the orthodox sale, whole leaf, larger brokens and fannings were firm to dearer while smaller brokens were irregularly lower. West Asia and CIS shippers were active while local dealers operated on smaller grades. DarjeelingThe small weight of Darjeeling teas on offer sold well following quality with only the plainer sorts easing in value. Traditional exporters and local dealers were the mainstay of the market. The February crop figure for North India, as released by the CROPTea Board, shows that the production at 1.3 million kg was lower by 0.3 million kg compared to the previous year. During the period, the South Indian crop at 16.4 million kg was ahead by three million kg compared to last year. INTERNATIONALThe Mombasa auction this week saw strong demand with all sorts appreciating sharply. Pakistan, Afghanistan, Egypt, Somalia, West Asia, Kazakhstan, Russia and Sudan showed strong interest. There was no sale in Colombo this week. More Stories on : Tea
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