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High-priced CTC dust teas were ₹3-5 a kg lower and even witnessed some withdrawals at the Kochi auctions held this week.
The currency demonetisation has forced upcountry buyers and Kerala Loose tea traders to operate with less strength.
Exporters confined themselves to plainer teas and covered only a small quantity, said auctioneers Forbes, Ewart & Figgis.
The quantity on offer in CTC grade was lower, at 7,93,000 kg, compared to last week and the market registered only a fair demand with 81 per cent getting sold.
Orthodox varieties also saw lower arrivals, at 8,500 kg, and the market for primary grades was steady to firm.
In the Cochin CTC dust quotation, good varieties fetched ₹105-143, mediums quoted ₹96-121 and plain grades stood at ₹90-96.
In the leaf category, the market for select best Nilgiri brokens, whole leaf and Fannings in orthodox grades was barely steady.
Good liquoring teas in CTC were absorbed by exporters and upcountry buyers.
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