Thursday, June 7, 2007
Coimbatore tea auction witnesses fair demand
The volumes on offer at the weekly tea auction conducted at the Tea Trade Association of Coimbatore moved up from just over four lakh kg the previous week to 6.20 lakh kg, with leaf grades accounting for 2.10 lakh kg. The orthodox leaf grades reported fair demand. Internal enquiry was limited to whole leaf grades and prices slipped by Rs 2-3 a kg with some withdrawals. HLL operated on medium quality CTC leaf grades selectively. Exporters were active on larger, bolder grades and larger brokens. Internal demand was selective. There was fair demand for CTC dust at lower levels. High-priced, good liquoring sorts were irregular, quoting easier by Re 1-Rs 2 with some withdrawals.
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