Tea
prices in India, the world's second-biggest producer, rose at last week's auction on an improvement in demand from
local buyers, though supplies of poor grade leaf capped the price rise in dust
grade variety.
The CTC (crush-tear-curl) grade was sold at 135.71 rupees per kg, up 5.3 per cent from the previous week's auction, while the dust variety edged up 0.14 per cent to 127.52 rupees per kg.
"Usually supplies go down during this period of the year. This is lean supply season, but demand was healthy from local packeters," said a member of the Calcutta Tea Traders' Association.
Tea consumption rises in India during the winter months as people prefer it to cold drinks. Tea plucking in India usually picks up between July and October.
The CTC (crush-tear-curl) grade was sold at 135.71 rupees per kg, up 5.3 per cent from the previous week's auction, while the dust variety edged up 0.14 per cent to 127.52 rupees per kg.
"Usually supplies go down during this period of the year. This is lean supply season, but demand was healthy from local packeters," said a member of the Calcutta Tea Traders' Association.
Tea consumption rises in India during the winter months as people prefer it to cold drinks. Tea plucking in India usually picks up between July and October.
SOURCE : Reuters
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