Agri Business

Export demand props up orthodox tea market

P. S. Sundar Coonoor | Updated on June 21, 2011




Export demand is helping the orthodox tea market remain buoyant at the country's auction centres.

“This week, buyers for Germany, the CIS, Japan and Iran bought most of the tippy orthodox teas at Kolkata auctions. We expect Iran's demand to increase for good density second flush brokens. We also anticipate better overall export demand at least for the next five weeks,” Mr Subodh Paul, Director, Contemporary Brokers Pvt Ltd, told Business Line.

“From the next week, almost 95 per cent of the orthodox teas coming for sale would have been harvested in the first week of May. They have good character of quality second flush teas. West Asia prefers clean long whole leaf teas,” he detailed.

This week, the best of orthodox teas from North India fetched Rs 200-250 a kg while the low-end fannings, Rs 85-95.

Published on June 21, 2011

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