Saturday, October 22, 2011

Offerings rise in N Indian tea auctions

Kolkata, Oct. 21:

This week at Sale No. 42, the total offerings (packages) at three North Indian tea auction centres were 4,78,284 as compared to 2,50,029 in the corresponding sale of the previous year, according to J Thomas & Company Pvt. Ltd, the tea auctioneers.

The offerings at Kolkata were 1,99,246 comprising CTC/Dust 1,57,076, Orthodox 36,923 and Darjeeling 5,247. There were No Sales in the corresponding period of last year.

The offerings at Guwahati were 1,65,266 (1,45,345) and at Siliguri 1,13,772 ( 1,04,684).
Demand for dooars

Selected clean and better liquoring Assam CTC teas were firm to occasionally dearer while the remainder were irregularly lower following quality.

Well made Dooars sold readily at firm to occasionally dearer rates while the remainder tended irregularly easier.

Tata Global was active. There was good support from Hindustan Unilever for the leaf grades and active support for the dusts.

Western India dealers were active for the liquoring sorts. There was fair enquiry from North India and from local sections.

Exporters operated on the bolder brokens and fannings.
Orthodox teas

Orthodox offerings met with less demand and sold at easier rates in line with quality.

Tippy sorts saw some export enquiry. CIS buyers operated

Darjeeling whole lea and broken grades were barely steady and tended easier while fannings were around last levels..

There was useful enquiry from traditional exporters. Hindustan Unilever and Tata Global operated. Local dealers operated for the brokens and fannings.

Source: http://www.thehindubusinessline.com/industry-and-economy/agri-biz/article2559581.ece