Chittagong Tea Auctions, Bangladesh 18/02/2015

BANGLADESH AUCTION
SALE OF - 17TH FEBRUARY 2015 (SALE NO.39)

 

CTC LEAF: 27,686 packages of tea on offer which met with strong but selective demand.

BROKENS: All good Brokens met with a good demand and were mostly firm. The smaller types with brighter liquors were occasionally dearer. These could be quoted between Tk.198/- and Tk.208/-. Mediums were easier following quality whilst poor fibrous types were again neglected with heavy withdrawals.

FANNINGS: A few good liquoring Fannings on offer were strongly competed for and advanced on a broad front by Tk.10/- and more. A few select lines sold between Tk.210/- and Tk.225/-. Mediums were about steady. Plain teas again were difficult of sale with end of season teas remaining unsold.

CTC DUST: 4,544 packages of tea on offer met with a strong demand. A few better liquoring varieties were strongly competed for and were dearer by upto Tk.10/- and more. Others sold around last levels. Plainest varieties were a lower market with some withdrawals. Blenders lent strong support with more interest from the Loose tea buyers.

COMMENTS: Buyers were strongly competing for the few bright liquoring teas on offer which appreciated by a fair margin but other types especially the poor plain varieties were severely discounted with a heavy weight remaining unsold. Blenders were more active with fair interest from the Loose tea buyers.

Good liquoring Dusts were a strong feature of the sale.

Our catalogue (This week) Avg: Tk.185.94, sold 61.68% & (Last Week) Avg. Tk.186.86 sold 62.68%.

QUOTATIONS

BROKENS

 

FANNINGS

Large/Bold

NQTA

Best

2.72 - 2.92

Medium

2.01 - 2.20

Good

2.53 - 2.66

Small

2.27 - 2.40

Medium

2.14 - 2.33

Plain

1.16 - 1.29

Plain

1.16 - 1.29

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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