Chittagong, Bangladesh (BBN)– The weekly tea sale on Tuesday was marked by a greater weight of end of season varieties which resulted in irregular demand.
Teas with fair cup quality elicited good demand and sold well, but the remainder were not in such a strong demand as last week and prices for these declined somewhat, according to a market report.
The poor and plainest types were more difficult of sale and there were also heavy withdrawals in this category. Blenders were fairly active with some support from the Loose Tea buyers. There was some interest from Pakistan.
Dusts were a better market at firm to dearer rates.
CTC LEAF: 27,883 packages and 313 packages of Old Season on offer met with quite a strong demand at mostly firm rates.
BROKENS: Good liquoring Brokens met with a strong demand and were generally fully firm to slightly dearer and these sold between BDT 178 and BDT 181. All other Brokens were also a good market and were generally steady to slightly easier. However, a larger weight of poorer types on offer saw only some interest at easier rates with some withdrawals.
FANNINGS: Good liquoring Fannings were again a strong market and were dearer by BDT 2.0 to BDT 3.0 and these could be quoted between BDT 175 and BDT 178. Best types were strongly competed for and were often dearer by BDT 1.0 to BDT 3.0 and these could be quoted between BDT 180 and BDT 185.
Medium varieties saw a good demand at about firm rates. Plainer types saw fair demand and were generally easier whilst the poorest and end of season types were more difficult of sale and were generally neglected.
CTC DUST: 4,950 packages and 10 packages of Old Season on offer met with a better demand. Good liquoring varieties were mostly dearer following competition, while others were firm in line with quality. End of season varieties were easier. Internal market lent good support.
BBN/SI/AD-17Jan12-9:32 pm (BST)