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Domestic trade followed global trend in tracking Arabica coffee prices and domestic roasters were selective in buying coffees. They bought only for their immediate requirement and exporters were not active at the Indian Coffee Trade Association (ICTA) auction on Thursday.
According to auctioneer J Thomas & Company, Robusta Parchment coffees on offer at the auction met with good support from the exporters as well as from the domestic trade. At the auction, of the 2.02 lakh kg (Arabica comprised 1.30 lakh kg and Robusta 72,515 kg) offered for sale, 62,000 kg was sold.
New season (2011-12) crop - Arabica Plantation PB, A and C grade price were lower by Rs 200 to 400 for 50 kg when compared to the last sale, B grade remained unsold. Robusta Parchment PB, AB, AA and RKR coffees on offer sold at price indicated below and were readily bought by the exporters as well as from domestic traders, C grade remained unsold as sellers' price indication was higher than the buyers' interest. There was no new season Arabica cherry, and Robusta cherry coffees on offer.
Prices quoted for grades in 50-kg bags: Arabica varieties: Arabica plantation PB Rs 11,600 to Rs 11,800, Arabica plantation A Rs 12,000, Arabica plantation C Rs 10,900, Arabica plantation BBB Rs 6,595. Robusta varieties: Robusta Parchment PB Rs 6,750 to Rs 6,780, Robusta Parchment AB Rs 7,100, Robusta Parchment AA Rs 7,200, Robusta Parchment RKR Rs 7,150, Robusta Parchment BBB Rs 5,245 to Rs 5,400.
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