The Hindu Business Line : Firm trend at Kochi tea sale

Arrivals continued to be low and the prices remained firm at the Kochi tea auction. The paucity of summer rains continued to depress production at the tea estates and arrivals remained weak. Export demand was evident for select grades at the dust and leaf auctions. At the dust auction, there was good demand from major blenders for CTC grades.

Dust & tea sale

There was 8,78,000 kg of dust tea on offer where prices of CTC dust grades firmed up. Some plain bolder CTC grades moved up sharply. Orthodox high grown dust was also in good demand and prices moved up. Best CTC grades quoted Rs 95-125, medium CTC was at Rs 87-93, while below medium ranged at Rs 70-78.

High grown BOPD fetched Rs 122 while secondaries were at Rs 67-70.

There was 1,39,000 kg of leaf tea on offer and high grown varieties witnessed good market and prices moved up. Prices of medium orthodox and smaller CTC grades also firmed up. Best Nilgiri grades quoted Rs 100-130, while medium orthodox was at Rs 90-95. Best CTC leaf grades fetched Rs 66-70 and medium CTC leaf was at Rs 62-68.

Top Prices

In the dust segment, Pasuparai FD fetched the top price at Rs 140 followed by Pasuparai SFD at Rs 138, Chinnar SFD at Rs 127, Chinnar FD and Kodanad BOPD at Rs 122. At the leaf auction, Glendale OP fetched the top price at Rs 265 followed by Chamraj OP at Rs 170, Chamraj FP at Rs 146 and Glendale FOP at Rs 146.

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