Chittagong Tea Auctions, Bangladesh 27/05/2015

BANGLADESH AUCTION
SALE OF - 26TH MAY 2015 (SALE NO.04)

 

CTC LEAF: 16,367 packages and 344 packages of old season teas on offer continued to meet with a strong demand.

BROKENS: BOPs were in strong demand and were dearer following competition often by Tk.2/- to Tk.3/- and prices for these ranged between Tk.212/- and Tk.217/-. Other Brokens were also a strong market particularly the bright liquoring types.

FANNINGS: Bright liquoring varieties were a strong market and were generally fully firm to a touch dearer. Mediums were steady whilst plainer types were slightly dearer. 

CTC DUST: 3,457 packages and 34 packages of Old Season Teas on offer met with a stronger demand. Better liquoring varieties were fully firm to slightly dearer following competition, selling between Tk.220/- and Tk.225/- and sometimes more. All others sold at around last levels in line with quality. Blenders lent stronger support with fairly good interest from the Loose tea buyers.

COMMENTS: There was a strong demand from the Major Blenders for all varieties leading to generally higher rates. Loose tea buyers and small packers were selective.

Once again good liquors Dusts were a stronger feature of the sale.

Our catalogue (This week) Avg: Tk 213.50 sold 97.71 % & (Last Week) Avg. Tk. 212.84 sold 96.76 %

QUOTATIONS

BROKENS

 

FANNINGS

Large/Bold

2.68 - 2.79

Best

2.72 - 2.79

Medium

2.72 - 2.78

Good

2.66 - 2.71

Small

2.62 - 2.68

Medium

2.59 - 2.65

Plain

2.20 - 2.33

Plain

2.33 - 2.46

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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