INDIAN-CEYLON TEA POSITION

Evening Post, Volume CVII, Issue 128, 4 June 1929, Page 12

INDIAN-CEYLON TEA POSITION

A heavy weight of tea continues to mark the Calcutta'auctions, l-an offering of 3% million-pounds being now quite-common, remarks the "Sydney Morning- Herald." It is surprising that this' quantity has been taken up each week without any material change in the marketj particularly in view, of- the...fact that the. London tea market.hris^bee'n carrying a. full-five to six mototlie' stock;'fcndjoperators from that centre • continue very'active • at' the" Colombo sales. Howeyer, there is certainly a more reasonable basis of prices prevailing to-day as conipar^d with those about sis weeks ago. v^Of course, "quality js not <juite Yd; good,' but the tea- should be iairly yseful, and/prices at [q..level whereby traders, can make a reasonable margin. London. Press reports indicate that considerable satisfaction was' expressed among traders •mi the complete' removal of the tea duty in Britain. It is 'interesting to note that fully 84 per cent, of tea produced is grown in the British Empire, for which tho duty in England was previously 3 l-3d i -rthe foreign duty being id per lb—so the I gedoetiQii .favours Java, teas^ mjijuly.-