Chittagong Tea Auctions, Bangladesh 20/05/2015

BANGLADESH AUCTION
SALE OF - 19TH MAY 2015 (SALE NO.03)

 

CTC LEAF: 14,865 packages and 630 packages of old season teas on offer met with a strong demand at slightly dearer rates.

BROKENS: BOPs were well sought after particularly the brighter teas which advanced by Tk.2/- to Tk.3/- and these could be quoted between Tk.208/- and Tk.217/-. Smaller varieties were a firm feature. Plainer sorts were about steady.

FANNINGS: Brighter liquoring Fannings continued to meet with a strong demand and were slightly dearer by Tk.1/- to Tk.2/- and these could be quoted between Tk.208/- and Tk.215/-. Other varieties were fully firm to slightly dearer. 

CTC DUST: 2,826 packages and 80 packages of Old Season Teas on offer met with a stronger demand. Good liquoring varieties were keenly competed for and were dearer by Tk.10/- and more. All others also met with a strong demand and were occasionally dearer following quality. Blenders lent stronger support with fairly good interest from the Loose Tea buyers.

COMMENTS: Demand continued to be strong this week with stronger competition from Blenders. Internal Loose tea buyers were slightly more active. As a result, prices were generally a little dearer.

All good liquors Dusts were a stronger feature of the sale.

Our catalogue (This week) Avg: Tk 212.84, sold 96.76% & (Last Week) Avg. Tk. 210.84 sold 97.88%.

QUOTATIONS

BROKENS

 

FANNINGS

Large/Bold

2.68 - 2.79

Best

2.70 - 2.79

Medium

2.68 - 2.75

Good

2.63 - 2.67

Small

2.53 - 2.59

Medium

2.55 - 2.62

Plain

2.07 - 2.20

Plain

2.20 - 2.33

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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