Chittagong Tea Auctions, Bangladesh 25/02/2015

BANGLADESH AUCTION
SALE OF - 24TH FEBRUARY 2015 (SALE NO.40)

 

CTC LEAF: 24,783 packages of tea on offer met with an improved demand with less withdrawals.

BROKENS: There was only a few clean Brokens available which were strongly competed for and generally appreciated upto Tk.5/- particularly the BOPs. Smaller cleaner varieties also sold well in line with quality and these could be quoted between Tk. 195/- and Tk.210/-. Other varieties particularly the plainer types saw a little more interest and sold at irregular rates. There was less withdrawals in this category.

FANNINGS: There were only a few clean liquoring Fannings on offer which were very strongly competed for and generally sold at dearer rates, selling between Tk.205/- and Tk.225/-. Medium and other varieties were about steady. Plainer types received a little more interest than before and a fair weight of tea sold at dearer rates.

CTC DUST: 5,011 packages of tea on offer once again met with a strong demand. Good liquoring varieties were firm to slightly dearer whilst others sold at around last levels easing slightly in line with quality. Plain, poor fibrous types were an easier market with some withdrawals. Blenders operated in strength with fair support from the Loose tea buyers.

COMMENTS: There was more interest in today's sale practically for all varieties which saw further hardening in price. A large weight of plain poor teas were disposed off at mostly firm rates. Blenders were quite active but there was more interest from the Loose tea buyers. As a result, withdrawal percentage was less this week.

Good liquoring Dusts were again a strong feature of the sale.

Our catalogue (This week) Avg: Tk.174.30, sold 68.20% & (Last Week) Avg. Tk.185.34 sold 62.17%.

QUOTATIONS

BROKENS

 

FANNINGS

Large/Bold

NQTA

Best

2.66 - 2.92

Medium

1.88 - 2.14

Good

2.46 - 2.59

Small

2.14 - 2.33

Medium

2.07 - 2.20

Plain

1.16 - 1.55

Plain

1.16 - 1.55

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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