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Declining trend in tea prices encourage CTC tea production
A declining trend in the prices of orthodox leaf tea is reported to have prompted some manufacturers in North India with dual production facilities to convert their produce into CTC grades.
Orthodox prices in North Indian markets have been declining for quite some time and
this might have forced some producers to shift to CTC considering the domestic market demand for dust grades. This will lead to a situation where the dust offerings in the auctions would be on the higher side in the coming period. However, such a practice has not been reported from any South Indian auctions so far.
Meanwhile, orthodox leaf prices continue to decline in Kochi auctions. The prices continue to be lower with heavy withdrawals for almost all grades because of the subdued export demand from CIS and West Asia. The quality of tea also dropped due to rush crop because of rains.
Source: Hindu Business (Extracts), Courtesy: Tea Exporters’ Association Sri Lanka
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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...