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Saturday, June 27, 1998

Demand for Darjeeling tea varieties improves 

Baren Bhattacharya  
Calcutta, June 26: The Calcutta tea sale No 25 witnessed a mixed trend while the improved teas saw better demand at better rates. The Darjeelings once again fared better and there was a good demand in the CTC section where most of the offering of 32,538 packages were consumed.

The better Dooars brokens and fannings were sold irregularly at last levels while an easy trend was visible throughout. However, the medium Dooars brokens realised higher rates than the last levels. The Dooars brokens and fannings ranged between Rs 88 and 99 a kg.

In the Assam varieties, the improved liquoring medium and good categories, both brokens and fannings, ruled firm to dearer in accordance with quality. Medium Assam which were quoted between Rs 68 and Rs 78 a kg saw a fall in prices by Re 1 to Rs 2 a kg with good Assams brokens and fannings selling between Rs 98 and 108 a kg showing a gain by Rs 3 a kg. The best Assams, however, remained unsold.

Delhi and Punjab buyers fairly operated for Dooars teas with Gujarat andMaharashtra buyers opted for liquoring sorts followed by local support. The CIS and Hind-Lever were less active while Godfrey Phillips consumed bright liquoring teas.

There was an offering for 5864 packages of Darjeeling teas which met with improved demand. A few best liquoring teas sold at higher prices, with brokens and fannings showing a similar trend. The remainder, however, sold at last levels.

The brokens and fannings received good response from buyers from West Bengal and other parts of the country with their continental counterparts remaining active for improved lines. The highest price, Rs 650 a kg, was realised by a line of Teesta Valley Tea Estate during the week's sale.

There was good demand for an offering of 25,079 packages of orthodox teas. Of this about 85 per cent sold at an attractive price. A few tippy and liquoring whole leaf and brokens realised better prices from overseas buyers. All clean and well made whole leaf sold at fully firm to dearer rates.

The whole leaf ranged betweenRs 98 and 108 as against Rs 80 and 105 last week while brokens and fannings ruled between Rs 66 and 97 a kg as against Rs 70 and 80, respectively. The other varieties like stalkier and large bold orthodox, however, remained almost unsold following withdrawals.

Tippy and liquoring orthodox had continental buying support with good inquiries coming from the Middle-East buyers. The CIS buyers operated with improved interest and West Bengal dealers consumed brighter fannings. North Indian buyers was active and opted for leggy whole leaf sorts.

The Calcutta dust sale resumed with good general demand with prices showing an uptrend. There was an offering of 12,042 packages and about 80 per cent of it was sold.

Improved liquoring best quality Assam teas sold around Rs 105 a kg showing a fully dearer trend. Easy trends were witnessed in sales of medium and plainer and secondaries that failed to match expectations.

Hind-Lever was very selective in buying. However, Tata Tea made inquiries with good supportcoming from the Western India buyers for liquoring lines. Local and other internal sections were active.

Guwahati The Guwahati sale No 26 which resumed this week saw divergent trend with CTC ruling firm to easy in accordance with quality while the CTC declining in prices.

In the CTC section about 83,957 packages were on offer of which 30 per cent remained unsold. At the initial stage there was a good demand for better quality liquoring teas which ruled firm, but later lack of interest resulted in fall in prices for all remainder grades.

The Cachar varieties tended slightly easier. The good and better Assam maintaining quality sold at firm rates while plainer Assam ruled sightly easy by Re 1 to Rs 3 a kg. Hind-Lever was less active. Western India extended better support for liquoring teas with useful support coming from the other packeteers. Other internal sections were selective in their operations while CIS buyers were quiet.

At the Guwahati dust sale No 26, where 39,465 packages were put up forsale and of which 75 per cent were consumed by the market, an all round decline was evident. The best liquoring teas were selling at firm levels but the remainder good categories saw a fall by Rs 2 a kg and occasionally more. These teas had witnessed good competition past week. The plain and medium grades tended further lower by Rs 3 to 4 a kg with non-liquoring fibrous teas suffering withdrawals.

Tata Tea was fairly active in the sale and lifted bulk of the teas with Hind-Lever being once again selective. Brighter teas were opted by Gujrat and Maharashtra dealers with better support coming from a packeteer. The other internal buyers operated selectively at lower levels.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


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