Prices ease on lower demand
Friday, 26 September 2008
FE Report
This was the last sale of the Holy month of Ramadan where a fair weight of tea was offered but owing to a little less demand from all sections of the market, prices eased slightly resulting in some withdrawals. However, a feature of the sale was the continued interest in bright liquoring types which fairly maintained last levels. Blenders were less active and accounted for a lower volume whilst the Loose tea buyers were less active. Dusts sold well but were mostly slightly easier.
CTC LEAF: 23,220 packages on offer met with less demand at easier rates particularly towards the end.
BROKENS: Black, well made BOPs met with a fairly good competition and were only slightly easier, selling between Tk 124 and Tk 127. Smaller clean lines met with a fair demand but generally eased by Tk 1.00 to Tk 3.00 and these sold between Tk 122 and Tk 125. The remainder were easier following quality and there were some withdrawals in this category.
FANNINGS: Well made fannings were initially a firm market but eased with the progress of sale and these could be quoted between Tk 124 and Tk 127. Other varieties eased more often by Tk 2.00 to Tk 3.00.
CTC DUST: 4,044 packages on offer met with less demand at mostly easier rates. Selected few lines of best liquoring varieties were firm whilst all others were slightly easier market, easing by Tk 2.00 to Tk 3.00 in line with quality. There were a few withdrawals in the week. Both Blenders and Losse tea buyers lent less support. Pakistan was also selective.
This was the last sale of the Holy month of Ramadan where a fair weight of tea was offered but owing to a little less demand from all sections of the market, prices eased slightly resulting in some withdrawals. However, a feature of the sale was the continued interest in bright liquoring types which fairly maintained last levels. Blenders were less active and accounted for a lower volume whilst the Loose tea buyers were less active. Dusts sold well but were mostly slightly easier.
CTC LEAF: 23,220 packages on offer met with less demand at easier rates particularly towards the end.
BROKENS: Black, well made BOPs met with a fairly good competition and were only slightly easier, selling between Tk 124 and Tk 127. Smaller clean lines met with a fair demand but generally eased by Tk 1.00 to Tk 3.00 and these sold between Tk 122 and Tk 125. The remainder were easier following quality and there were some withdrawals in this category.
FANNINGS: Well made fannings were initially a firm market but eased with the progress of sale and these could be quoted between Tk 124 and Tk 127. Other varieties eased more often by Tk 2.00 to Tk 3.00.
CTC DUST: 4,044 packages on offer met with less demand at mostly easier rates. Selected few lines of best liquoring varieties were firm whilst all others were slightly easier market, easing by Tk 2.00 to Tk 3.00 in line with quality. There were a few withdrawals in the week. Both Blenders and Losse tea buyers lent less support. Pakistan was also selective.