KOLKATA AUCTIONS - FINAL MARKET REPORT

SALE NO.02 HELD ON 12th,13th & 14th JANUARY, 2009

SEASON

CTC LEAF

ORTHODOX

DARJEELING

DUST

TOTAL

2009

98,988

18,109

4,780

25,929

147,806

2008

89,130

27,163

4,130

32,152

152,575

CTC LEAF

MARKET

Good demand. Clean, brighter liquoring Assams on offer sold irregularly at last levels, with some lines turning dearer with competition especially the smaller brokens. Select good and medium varieties also sold at irregular easier levels around last. The remainder sold at irregularly easier levels following decline in quality. Good Dooars on offer met with competition and sold at fully firm to dearer levels. Medium Dooars tended irregularly easier.

BUYING PATTERN

Hindustan Unilever and the Western India were active with some support from Duncan Industries.Tata Tea selective. Fair export enquiry at lower levels on the bolder brokens and few fannings. Local traders operated on the Dooars teas on offer.

CTC DUST

MARKET

Good demand. Clean, good and brighter liquoring Assams met with competition and sold at firm to occasionally dearer levels. The remainder sold at irregular levels around last to tending easier levels, following decline in quality. Clean, good liquoring secondaries met with competition and appreciated, at times substantially, whilst the poorer sorts sold at easier levels following quality.

BUYING PATTERN

Hindustan Unilever and the Western India were active with some support for Duncan Industries. Tata Tea selective. Select export enquiry on the few well made dusts.

QUOTATIONS (IN Rs)

SEASON 2008

SEASON 2007

(ASSAM)

Brokens

Fannings

Dust

Brokens

Fannings

Dust

BEST

117/128

108/115

120/134

90/100

86/95

94/104

GOOD

112/122

100/104

115/124

83/85

82/85

85/90

MEDIUM

95/104

82/87

95/108

78/82

82/85

PLAIN

80/86

84/89

68/77

75/78

ORTHODOX

MARKET

Good demand. Clean, better liquoring whole leaf sold at fully firm to occassionally dearer levels at fully firm levels. The brokens & fannings

followed a similar trend.

BUYING PATTERN

The Gulf and CIS buyers were active. There was some enquiry from Hindustan Unilever on the smaller brokens

and fannings. There was good enquiry from North India & Local buyers.

QUOTATIONS (in Rs.)

SEASON 2008

SEASON 2007

WHOLE LEAF

BROKENS

FANNINGS

WHOLE LEAF

BROKENS

GOOD

150/250

115/145

90/100

125/195

100/120

MEDIUM

100/120

90/110

80/88

90/120

85/95

PLAIN

75/95

75/85

60/75

60/80

60/75

DARJEELING

MARKET

Good demand. Select well made whole leaf and brokens sold around last levels. Remainder were irregular and at times tended

easier following seasonal decline in quality.

BUYING PATTERN

Hindustan Unilever and Tata Tea selective with good local interest.

CARRITT MORAN & CO. PVT LTD

SALE NO.02, 2009

SALE STATISTICS (CM only)

CTC LEAF

ORTHODOX

DARJEELING

DUST

Offerings (Packages)

16,746

3,133

745

3,987

Sold (Packages)

13,143

2,383

469

3,567

Sold Quantity (Kgs)

411,885.2

46,803.4

11,362.3

125,568.4

Sold Average (Rs/Kg)

103.68

107.20

111.02

110.56

Outlot % (Packages)

21.5

23.9

10.5

BUYING PATTERN (CM only)

CTC LEAF

ORTHODOX

DARJEELING

DUST

Internal

Exports

Internal

Exports

Internal

Exports

Internal

Exports

Buying Percentage

94.40

5.60

71.00

29.00

98.60

1.40

96.80

3.20

Average (Rs/Kg)

103.88

100.26

100.61

123.31

110.89

120.00

111.18

91.50

PRICE RANGE -in Rs. (CM only)

CTC LEAF

ORTHODOX

DARJEELING (W/L)

DUST

Range

Sold (%)

Range

Sold (%)

Range

Sold (%)

Range

Sold (%)

Below 60

0.0

Below 70

8.5

Below 100

0.0

Below 60

0.0

60 - 75

1.0

70.01 - 85

8.1

100 - 135

0.0

60 - 75

1.7

75 - 85

2.3

85.01 - 95

10.1

135 - 160

27.2

75 -85

5.0

85.01 - 100

36.7

95.01 - 105

27.1

160 - 200

67.1

85-100

21.8

Above 100

60.0

105.01 - 120

31.0

Above 200

5.6

Above 100

71.5

Above 120

15.3

CTC Avg 103.68

ORTH Avg 107.20

DARJ Avg. 164.00

DUST Avg. 110.56

SALE CLOSING DETAILS (ALL BROKERS - FRESH ARRIVALS)

SALE No 3

SALE No 4

SEASON 2009

SEASON 2008

SEASON 2009

SEASON 2008

Closing Dt

Packages

Closing Dt

Packages

Closing Dt

Packages

Closing Dt

Packages

CTC

25/11/08

88,770

17/12/07

97,808

5/12/08

87,793

2/1/08

61,132

ORTH

17/12/08

8,153

19/12/07

12,491

31/12/08

39,479

2/1/08

14,437

DARJ

17/12/08

2,820

19/12/07

2,571

31/12/08

1,867

2/1/08

1,630

DUST

25/11/08

26,601

19/12/07

16,824

5/12/08

28,169

2/1/08

20,815

TOTAL

126,344

129,694

125,943

98,014

EXCHANGE RATE (AS ON 15.01.09) 1 US$=Rs.49.0305 (INTER BANK RATE)