Chittagong Tea Auctions, Bangladesh 13/05/2015

BANGLADESH AUCTION
SALE OF - 12TH MAY 2015 (SALE NO.02)

 

CTC LEAF: 12,453 packages and 308 packages of old season teas on offer met with a strong demand.

BROKENS: Well made good liquoring BOPs were strongly competed for and mostly advanced in price and these ranged between Tk.207/- and Tk.215/- and occasionally more. Well made good liquoring smaller Brokens were also a good market but eased slightly. All other varieties were about steady and there were fewer withdrawals.

FANNINGS: A few well made bright liquoring Fannings were a strong market and were mostly firm to slightly dearer whilst the remainder were a little easier in line with quality. Bulk of the these sold between Tk.207/- and Tk.213/-. Medium varieties were well supported at firm rates. Lesser and plainer varieties were also a steady market and there were fewer withdrawals in this category. 

CTC DUST: 2,536 packages and 136 packages of Old Season Teas on offer met with a fairly good demand. Better liquoring varieties were fully firm to dearer following competition. All others sold around last levels in line with quality. Blenders lent strong support with fair interest from the Loose tea buyers.

COMMENTS: Blenders were more active but there was less enquiry from the Internal Loose tea buyers.

Good liquoring Ds were again the bright feature of the sale.

Our catalogue (This week) Avg: Tk.210.88, sold 97.47% & (Last Week) Avg. Tk.206.07 sold 95.40%.

QUOTATIONS

BROKENS

 

FANNINGS

Large/Bold

2.68 - 2.79

Best

2.68 - 2.76

Medium

2.66 - 2.75

Good

2.62 - 2.66

Small

2.46 - 2.59

Medium

2.53 - 2.59

Plain

2.14 - 2.27

Plain

2.27 - 2.40

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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