Chittagong Tea Auctions, Bangladesh 11/02/2015

BANGLADESH AUCTION
SALE OF - 10TH FEBRUARY 2015 (SALE NO.38)

 

CTC LEAF: 26,248 packages of teas on offer met with a fairly good demand.

BROKENS: All BOPs were a little easier particularly the plainer varieties which declined by upto Tk.5/-. However, the cleaner smaller grades were well sought after and readily sold at firm to dearer rates. These could be quoted between Tk.195/- and Tk.205/-. Poor fibrous teas met with only a fair demand but there were quite heavy withdrawals.

FANNINGS: A small weight of good liquoring Fannings were a stronger market and were dearer often by upto Tk.5/- and more and these sold between Tk.200/- and Tk.210/-. Medium types eased slightly whilst the plainest were often difficult of sale with fair withdrawals in this category.

CTC DUST: 4,847 packages of tea on offer continued to meet with a fairly good demand. Good liquoring varieties were fully firm to dearer following competition. Others sold at around last levels. Plainest varieties were a lower market with some withdrawals. Blenders lent good support with fair interest from the Loose tea buyers.

COMMENTS: There was a better tone in the market this week particularly for the cleaner teas on offer which generally appreciated. Blenders were quite active along with a little more interest from the Loose tea buyers. However, plain poor teas suffered heavy withdrawals.

Good liquoring Dusts met with some competition.

Our catalogue (This week) Avg: Tk.187.28, sold 62.23% & (Last Week) Avg. Tk.187.78 sold 62.61%.

QUOTATIONS

BROKENS

 

FANNINGS

Large/Bold

NQTA

Best

2.59 - 2.72

Medium

2.07 - 2.27

Good

2.46 - 2.59

Small

2.33 - 2.46

Medium

2.20 - 2.40

Plain

1.29 - 1.42

Plain

1.29 - 1.42

Source -National Brokers Limited

About F&W

Forbes & Walker was set up in 1881 as a partnership between James Forbes and Chapmen Walker. Although there is no actual record of the date on which it was established the very first cash book, still in the possession of the Finance Director, indicates the brokerages were earned from 1st August 1881. In Sir Thomas Villiers' book “Mercantile Lore” the date of establishment of Forbes & Walker has been put down      Read More...

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