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Aug 20, 2007

Mixed price trend at Coimbatore tex auction

Mixed price trend persisted in the Coimbatore tea auction held last week, with leaf teas quoting dearer by Re 1 to Rs 4 a kg and dust selling Re 1 to Rs 2 easier per Kg, industry sources said on Monday.With shippers to CIS Countries operating with fair strength in the orthodox leaf grade, a few larger teas and brokens were well-appreciated in value by Rs 3 to Rs 4 per kg, while fair demand made brighter liquoring CTC leaf rule from steady to occasionally dearer by Rs 1.50.Other CTC leaf quoted easier by Re 1, the sources said.

Limited quantity of medium orthodox were sold at Re 1 to Rs 2 easier levels, whereas fair demand for selected high priced popular marks and good medium CTC dust quoted dearer by Re 1 and medium and plainer teas quoted easier by Re 1.Orthodox high grown brokens quoted at Rs 64 to Rs 82 and fanning Rs 50 to Rs 65, good CTC brokens Rs 43 to Rs 50, fanning Rs 45 to Rs 42 and medium CTC brokens Rs 35 to Rs 41 and fanning Rs 35 to Rs 42.Best CTC dust quoted Rs 58 to Rs 66, good Rs 47 to Rs 58, medium CTC dust Rs 38 to Rs 44 and medium orthodox dust Rs 35 to Rs 41 per Kg.Of the total offerings of about 5.44 lakh kg, dust comprised 3.26 lakh kg, sources said.

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