This week at Sale No. 31, The average price of orthodox leaf increased to Rs 233.28 a kg at this week’s sale compared with Rs 235.54 last week (Sale No. 30) and Rs 170.47 in the corresponding sale (No 31) last year, according to J Thomas & Company Pvt Ltd., the tea auctioneers.

The J Thomas list attracted highest average price of Rs 250.92/kg followed by Parcon at Rs 235.77, Contemporary at Rs 206.74, Associated Brokers at Rs 176, Assam Tea Brokers at Rs 125.5 and Paramount at Rs 89.20.

The average price of CTC leaf at Kolkata auction this week (Sale 31) was Rs 151.02 as compared to Rs 153.42 last week (Sale 30) and Rs 127.73 in the corresponding sale (No. 31) last year.

Assam Tea Brokers’ list attracted the highest average price of Rs 161.66 followed by J Thomas Rs 159.51, Contemporary Rs 156.29, Parcon Rs 142.65, Paramount Rs 134.51 and Associated Brokers Rs 128.37

Total offerings (packages) this week at three North Indian tea auction centres at Kolkata, Guwahati and Siliguri were 3,99,179 as compared with 3,82,551 in the corresponding sale (No. 31) of last year.

The offerings at Kolkata comprised CTC/Dust 1,63,992 (1,48,570), orthodox 26,005 (31,378) and Darjeeling 6,370 (8,624).

The offerings at two other centres were as follows: Guwahati 1,25, 659 (1,22,664) and Siliguri 77,153 (71,315)

Assam CTCs were barely steady and irregularly easier. Dooars sold at barely steady rates. Tata Global was active and there was good support from Hindustan Unilever. Western India dealers supported the liquoring sorts. North India and local sections were selective. There was good support from the exporters on the larger brokens and fannings.

Orthodox tippy and liquoring varieties were well absorbed in line with quality. Clean well made whole leaf, smaller brokens and fannings were firm to dearer. Bolder whole leaf grades eased in value. The remainder sold in line with quality. There was some Continental interest on tippy and liquoring varieties and good support from West Asia and CIS shippers.

Darjeeling whole leaf grades witnessed useful enquiry from traditional exporters and sold at dearer rates. Brokens and fannings maintained levels. Tata Global was active.

(This article was published in the Business Line print edition dated August 4, 2012)
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