| CTC tea lapped up at higher rates across the country - The Economic Times
CALCUTTA
CTC tea continued to enjoy better demand at dearer rates for some varieties at the year's penultimate sale at Calcutta auction last week. The price levels of some teas were higher compared to those in the corresponding sale in 1999.
All CTC offerings from Assam appreciated in value, the smaller brokens substantially. Gujarat and Maharastra operated with strength for the goodliquoring tea with good support from the major blender.
Other internal markets were active with the buyers for the C I S preferring bolder brokens.
Good Assam brokens sold between Rs 86 and Rs 108 per kg against Rs 82 and Rs 90 in the corresponding sale last year. Good Dooars sold between Rs 56 and Rs 70 and Cachar brokens between Rs 46 and Rs 54 per kg. The offerings consisted of 55,002 chests.
Darjeeling tea saw good demand, the whole leaf grades being dearer with quality while improved brokens met with an irregularly dearer market, the remainder being firm.
Well-made fannings were firm to dearer. The major blender made good enquiry with some support from the Continental countries and other exporters for whole leaf varieties, the local traders being active for inproved brokens and fannings. The offerings amounted to 5,237 chests.
Nearly 45 per cent of Darjeeling tea sold at prices above Rs 125 per kg. In the orthodox tea sale there was good demand, clean and well-made whole leaf and brokens being firm to dearer and the remainder selling at around last levels. The stalkier varieties were easier and better fannings firms to dearer.
The major blender remained selective while the buyers for Western Asia and the CIS were active. The local traders operated for the cheaper brokens and fannings.
Good Assam whole leaf sold between Rs 125 and Rs 160 per kg against Rs 100 and Rs 135 in the corresponding sale last year. The offerings amounted to 15,974 chests.
Dust tea met with better demand, all varieties being irregularly dearer. The major blender and Tata Tea lent good support while Gujarat and Maharastra preferred the liquoring tea with good enquiry from other internal markets.
Good Assam dust sold between Rs 84 and Rs 102 and good Dooars between Rs 50 and Rs 60 per kg. The offerings amounted to 21,377 chests.
Meanwhile in Siliguri, strong demand prevailed for CTC tea on offer. Good and best brokens were absorbed at irregular rates while fannings and the secondaries followed a similar trend.
The major blender was selective and the internal packeteers remained active for the grainy sorts. Gujarat and Maharastra lent support to betterliquoring tea with North India remaining active.
Other intenal dealers made good enquiry. The buyers for the CIS and Poland remained quiet. The offerings amounted to 59,261 chests.
In Guwahati, there was strong demand for CTC tea at dearer rates. All clean and better medium Assam tended dearer. A small weight of Cachar tea also saw good demand at dearer levels.
The major blender and other packeteers operated for the medium and better medium tea with competition from north and western India. Cachar tea was well supported by the buyers from north India. The offerings amounted to 103,744 chests.
Clean and liquoring Assam dust tea was firm to dearer. The few brown sorts were irregular around last levels and tended dearer. The major blender and Tata Tea were active while W India picked up the liquoring lines. Other intenal markets made fair enquiry. The offerings amounted to 37,315 chests.
The Economic Times -India
(27/12/2000)
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