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Baren Bhattacharya
Calcutta, Oct 15: The sharp decline in the arrival of tea during September owing to devastating floods in North Bengal and Assam region has led to the postponement of sale No 41 of the Calcutta auction. Since the printing of quotations and other auction-related stationery have not arrived in time for sale No 41.
According to an official in J Thomas & Co (P) Ltd, the arrival of tea from Assam and north Bengal gardens was severely affected since roads leading to Calcutta was almost inaccessible. Sale No 40, held last week, was carried out by the teas which arrived before September. During the month of September, although, some amount of teas was transported against many odds, but was not adequate to conduct sale for corresponding four weeks. Therefore, the auctioneers had no option but to postpone at least one sale this season, the official said.
Guwahati sale:
The Guwahati sale No 41 projected an easy trend in the movement of prices. However, the volume of sale, which accounted for more than 90per cent of the total arrival of 1,32,276 packages, showed demand position very good.
The CTC and leaf sale reflected a fair demand with well-made Cachar teas declining by Rs 2 to Rs 3 per kg. The smaller brokens and fannings of Dooars category also dropped by similar levels. The bolder brokens in Cachar teas declined by a further Rs 3 to Rs 4 per kg while Assam teas, barring good and better varieties, sold at easier rates. The good and better sorts, however, ruled steady, while those of remainder eased by Rs 2 a kg. The secondaries declined further by Rs 3 per kg.
The Hindustan Lever Ltd absorbed comparatively lower quantity of teas while Tata Tea and other major packeteers rendered fair support in the sale. The western Indian buyers operated with improved strength and lifted large quantity of liquoring teas. The other domestic buyers also took active part in the sale. There was no export inquiry for CTC and leaf categories in this sale.
The dust tea offer in this sale was 42,483 packages of whichabout 90 per cent was sold. All Cachar varieties were sold at easier rates by Rs 1 to Rs 2 per kg while the Assams category witnessed a mixed trend in prices. The good liquoring and clean Assam ruled firm by Re 1 per kg or maintained the previous levels. The liquoring secondaries also registered a steady trend. The other teas such as medium Assams eased by Re 1 to Rs 2 per kg while the remainder by Rs 2 to Rs 3 per kg.
Hindustan Lever and Tata Tea were active in operations with improved support from other major packeters. Gujarat and Maharashtra opted for good liquoring dusts offering fair support while the other internal sections were less active. There were negligible export inquiries in this section.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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