Kolkata weekly tea report

The downward trend in total demand and total offerings was in evidence once again for all categories of tea during Sale-04, a Calcutta Tea Traders Association (CTTA) official said.

The current auction was held on January 25 and 27 and the market witnessed a mixed note, he said on Friday.

Darjeeling leaf and dust tea met with increased demand while CTC leaf and orthodox marked a decline in total demand. But the increase in demand was not sufficient to stop a further decline of 7.56 per cent in total demand during this auction, he said.

According to CTTA official data, the total offerings amounted to 1,63,059 packages (47,66,517 kg) comprising 81,735 packages of CTC leaf, 49,103 packages of orthodox, 2,864 packages of Darjeeling leaf and 29,357 packages of dust tea.

CTC leaf met with subdued demand and a total 16,45,135 kg of different categories was sold at an average price of Rs 154.39 per kg.

Around 57.49 per cent of the total demand was witnessed for CTC leaf at below Rs 150 per kg price level and only 3.34 per cent was marked at above Rs 250 per kg level, it said.

Major blenders operated well. Some support was received from internals while exporters operated on bolder brokens and fannings, the data said.

Orthodox offerings saw fair demand and a total 9,52,555 kg of different qualities was claimed at an average price of Rs 179.14 per kg. About 37.44 per cent of total demand was for tea at below Rs 150 per kg and only 12.76 per cent was marked at higher price level. Middle East was active and CIS saw good support, it said.

Darjeeling leaf met with strong demand at lower price level and a total of 39,565 kg of different quality was sold at an average price of Rs 142.69 per kg. Around 87.29 per cent of the total demand was observed for Darjeeling leaf at below Rs 200 per kg level while only 2.87 per cent was marked at above Rs 500 per kg.

Local dealers and other internals saw good support while exporters were very selective, the data said.

There was good demand for this week's dust offerings and a total of 8,49,880 kg of different quality was claimed at an average price of Rs 151.93 per kg.

Around 60.43 per cent of the total demand was marked for dust offerings at lower price level while only 4.12 per cent was observed at higher price level, it said.

Western India saw good support on liquoring teas. Other internals and local operators marked good enquiry, the data added.

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