Guwahati

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WEEKLY ROUND UP

GUWAHATI SALE NO. 31

HELD ON 07,05/08/2015

                                                                                                                                                      

Demand:                      Leaf and Dust : Good but eased with progress of sale.

 

Market Trend:             Leaf & Dust:  Brighter liquoring teas well competed for and were steady but eased during the

                                      later part. Remainder irregular and easier following quality.

 

 

Buying Pattern :          Leaf & Dust:  TGBL fairly active with good support from  WI and Internals .

                                      HUL  selective. Exporters quiet.

 

 

LEAF

DUST

TOTAL

LAST SALE’S TOTAL

Offered Packages

94077

41013

135090

129443

Percentage sold

76.59%

70.02%

74.60%

72.49%

                                                                                                                                                                                               

TOP NOTCHERS

 

BOP

BOPSM/BP

OF/PF

HALMARI

342

HALMARI

303

HALMARI

276

DUFLATING

280

MACKEYPORE

302

SOTAI

261

HALMIRA

275

DEHA

302

DUFLATING

256

MACKEYPORE

266

SOTAI

292

MADHUPUR

256

HIRAJULI

265

LUKWAH

291

HIRAJULI

254

 

PD

DUST

CD

HALMARI

274

HALMARI

282

MATIAPAHAR

274

SUNTOK

271

DUFLATING

272

OUPHULIA

271

MADHUPUR

266

SOTAI

272

KOOMTAIB

270

BANAMALIE

266

MADHUPUR

272

SUNTOK

267

MATIAPAHAR

266

BANAMALIE

272

BAHIPOOKRI

264

 

 

 

FUTURE OFFERINGS IN PKGS (Including Reprints)

CATEGORY

SALE NO. 32

SALE NO. 33

 

2015

2014

        (+/-)

2015

2014

        (+/-)

CTC

90171

104987

-14816

98187

107098

-8911

ORTHODOX

7282

643

6639

2432

428

2004

DUST

39830

43176

-3346

43883

42450

1433

TOTAL

137283

148806

-11523

144502

149976

-5474

 

  

ARRIVALS FOR SALE - 34 (IN PKGS), CLOSED ON 05/08/2015

CATEGORY

2015

2014

(+/-)

CTC

119326

118981

345

ORTHODOX

7409

661

6748

DUST

45291

49255

-3964

TOTAL

172026

168897

3129

         

 

                              

CACHAR TOP NOTCHERS

 

BOP

BOPSM

BP

RAMPORE

141

RAMPORE

156

BINNAKANDY

193

BOROKAI

129

HATTICHERRA

134

RAMPORE

156

HATTICHERRA*

128

BOROKAI

128

VASUNDHARA

140

 

OF/PF

PD

DUST

HATTICHERRA

148

RAMPORE

135

BOROKAI

122

RAMPORE

140

HATTICHERRA*

121

HATTICHERRA*

120

KOOMBER

140

LALBAG*

118

CHANDYPORE

100

 *Sold by Paramount Tea Marketing (P) Ltd.

 

 

Kenya’s loss of tea output could mean India’s gain

A whopping 50 million kg (mkg) loss in production in Kenya due to drought in the first half of current calendar has thrown open a fresh opportunity for exports of Indian tea.“Kenya has had a bad year with production trailing behind 2014 each month until May. June was relatively a better month with production increasing marginally to 32.20 mkg from 31.94 mkg. However, the overall output in the first half fell to 175.13 mkg from 225.18 mkg,” Rajesh Gupta, compiler of Global Tea Digest, told BusinessLine.

             This drop of 50.05 mkg marked a decline of as much as 22.23 per cent.This is significant because Kenya is the world’s largest exporter of black tea accounting for over a quarter of the global tea exports.As Kenya produces mostly CTC variety which is similar to the Indian output, there is scope to covert Kenya’s loss into India’s advantage.“The supply situation in India is favourable with production so far rising by as much as 29.86 mkg over the corresponding period of 2014 to reach 274.93 mkg,” Rajesh Gupta noted.

Mombasa auctions

              As of now, Pakistan exerts strong demand in Mombasa auction for all available Kenyan tea. Afghanistan, Kazakhstan and Yemen are other strong bidders there. The UK is selective for some grades. Russia, Egypt, Sudan, Iran and Somalia which have been buying Kenyan teas are now facing the heat of high prices and limiting their offtake.Kenya has reportedly exported some 40 per cent less tea to its major markets, compared to last calendar, because of lower supplies and concomitant high price.

Bright outlook for India

              “The reduced supplies from Kenya so far and the less possibility of the short supplies being made good in the near future brighten the prospects for Indian tea exports. We are aiming at increased shipments to Iran, the UK and rest of European continent where short supply of Kenyan tea is felt”, said D Hegde, former UPASI President and Director of The United Nilgiri Tea Estates Co Ltd, substantial portion of whose production is exported (as Chamraj tea).

“Producer-exporters are expecting a rise in shipments by this month-end or September beginning and a concomitant increase in Indian tea prices by at least 10 per cent”, he disclosed.Merchant exporters also see bright scope. “Indian exporters are aiming at Egypt and Pakistan where Kenyan teas are in short supply now. We are increasing our procurement and this should play a major role in halting the falling trend in prices of South Indian teas witnessed recently. This will help producers and small growers as well,” Hemant Shah, a leading exporter, opined.“Indications of increased demand from exporters are seen. Substantial portion of the teas auctioned by us belong to CTC grade manufactured by bought-leaf factories which are suitable in markets consuming Kenyan teas. We are waiting for a major revival in price now,” Ramesh Bhojarajan, Chairman, Coonoor Tea Trade Association, said.

Exports dip 13%.

               India’s tea exports so far this calendar has been trailing behind the corresponding period of last year.According to Tea Board, till May, the latest period for which official data is available, India exported 76.09 mkg of tea worth Rs.1301.72 crore against 85.07 mkg worth Rs.1592.98 crore in January-May 2014.This marked a decline of 12.41 per cent in volume and 1.15 per cent in value.

Source – The Assam Tribune