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India's orthodox tea supply for exports is likely to decline from next month, traders and producers contend.“Erratic weather pattern seen most producing belts will pull down production. Uncertain overseas demand is forcing producers to shift from orthodox manufacture.
In particular, export to West Asia may not show improvement unless pending payments are cleared,” Mr Subodh Paul, Director, Contemporary Brokers P Ltd, told Business Line . “This week, at Kolkata auctions, the CIS buying was active and German buyers supported the best category of tippy teas from second flush period.
They bought in a wide range – Rs 350-400 a kg,” he disclosed. On the average, this week, the best quality North Indian orthodox teas fetched Rs 200-260 while in South Indian auctions, they fetched Rs 105-115. The low-end fannings fetched an average price of Rs 95-105 in North Indian auctions while they got Rs 60-70 in the South Indian auctions.
The CIS and West Asian buyers supported South Indian orthodox. Sri Lankan orthodox continued to fetch mid-range prices. The best grades averaged Rs 170-220 while the low-end fannings, Rs 110-120
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