Prices move up at Kochi tea auction

The support extended by leading blenders at Kochi auctions lifted the prices of some tea varieties, especially good liquoring tea this week.

This particular variety in the dust category was dearer by ₹5 to ₹7 (particularly, the powdery types), as the sale progressed. Prices of medium and plainer varieties also witnessed an upward movement by ₹2 to ₹5. The quantity on offer in CTC dust was 9,68,500 kg and there was a strong demand in sale no 12 with 96 per cent of the offer getting sold.

Exporters were active in the auction, while upcountry buyers lent fair support, the auctioneers Forbes, Ewart & Figgis said.

However, the market for orthodox varieties was lower with primary grades remaining steady. The quantity on offer was 10,000 kg, which was low compared to last week.

In Cochin CTC dust quotation, good grades quoted at ₹103-145, mediums fetched ₹93-122 and plain varieties stood at ₹87-98.

The upward price movement was absent in leaf sales, as the market for Nilgiri Brokens, wholeleaf barely remained steady and tended to ease. The quantity on offer in orthodox grades was 136,000 kg.

However, an irregular and lower market in CTC leaf witnessed lot of withdrawals. The quantity on offer was 77,000 kg.

In dust category, Injipara RD quoted the best prices of ₹150 followed by Waterfall SFD at ₹148. In Leaf, Chamraj FOP-Sup (Green Tea) fetched the best prices of ₹341 followed by Chamraj FOP at ₹300.

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