The Hindu Business Line : Good demand seen at Kolkata tea auctions

Kolkata, July 6 Last week, good liquoring categories at Kolkata CTC leaf and dust sales continued to meet with strong demand and sold well, with dusts often appreciating, according to J Thomas & Company Pvt Ltd., the tea auctioneers. Remainder were barely steady and irregularly lower. Guwahati and Siliguri auctions, however, witnessed an irregularly lower trend following a decline in the quality of offerings. The major blender continued to be selective with fair support from Tata Tea and other packeteers. Local and internal sections were active with some export interest.

Darjeeling teas met with good demand with better whole leaf selling well following quality while remainder tended irregularly around last levels. There was a similar trend for brokens and fannings as well. There was good support from traditional exporters. UK/Continent shippers along with some Japan shippers operated. Major blender offered good support. Local dealers operated on cheaper varieties.

Orthodox teas met with strong demand with whole leaf and larger brokens firm to dearer. Smaller brokens and fannings also followed a similar trend. Tippy sorts fetched attractive prices. West Asia and CIS continued to operate actively while the Continent operated on the tippy sorts. The major blender and local dealers offered good support.

Reports suggest that while quantum of leaf intake varies from area to area, overall production is beginning to show an increase.

Global Demand

The Mombassa market witnessed irregular levels for all sorts. With the advent of cold weather, leaf intakes are reporting a decline. There was strong support from Sudan, Russia and Kazakhstan with more enquiries from the Pakistan Packers and UK. Egyptian Packers, Yemen and other West Asian countries maintained interest. Somalia continued active at lower levels.

In the Colombo auction, Low Growns continued to meet with strong demand and appreciated in value. High Grown and Mid grown small leaf teas however were easier following decline in quality. West Asia, CIS and other traditional markets continued to operate as usual.

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