Chittagong Tea Auctions, Bangladesh 17/06/2015

BANGLADESH AUCTION
SALE OF - 16TH JUNE 2015 (SALE NO.07)

 

CTC LEAF: 17,523 packages and 234 packages of old season teas on offer met with much less demand at much easier rates.

BROKENS: BOPs met with a fair demand declining by upto Tk.10/-, selling between Tk.190/- and Tk.198/-. All others also eased by a similar margin and sometimes more.

FANNINGS: Good Fannings met with a fair demand but eased by upto Tk.10/- and more. These sold between Tk.192/- and Tk. 197/-. Medium and plainer varieties were also an easier market but registered a slightly lesser decline.

CTC DUST: 4,696 packages and 1 package of Old Season Teas on offer met with a little less demand at easier rates. Good liquoring varieties eased by upto Tk.10/- and these sold between Tk.200/- and Tk.210/- for the RDs and Ds. Corresponding CDs were also an easier market with the good lines selling between Tk.240/- and Tk.260/-. Blenders lent fairly good support with some interest from the Loose tea buyers.

COMMENTS: Prices witnessed a sharper decline this week with all varieties easing quite considerably. The Major Blender continued to operate for the usual requirement but there was much less interest from all others including the Loose tea buyers.

Dusts were an easier market following less competition. 

Our catalogue (This week) Avg: Tk 196.52 sold 88.48 % & (Last Week) Avg. Tk. 204.65 sold 94.02 % .

QUOTATIONS

BROKENS

 

FANNINGS

Large/Bold

2.46 - 2.53

Best

2.50 - 2.55

Medium

2.46 - 2.58

Good

2.46 - 2.49

Small

2.46 - 2.57

Medium

2.38 - 2.45

Plain

2.27 - 2.33

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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