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Prices of several tea varieties declined at Kochi auctions, amidst low arrivals in almost all categories.
CTC dust witnessed a better demand and the quantity on offer was low at 8,67,000 kg in sale no 6. The market for select best high-priced tea barely remained steady. Others were irregular and lower following quality.
Medium and plainer varieties registered a strong demand and appreciated by ₹3-5 a kg and sometimes more, the auctioneers Forbes, Ewart & Figgis said. Blenders lent a fair support, while there was a subdued demand was exporters and upcountry buyers.
In Cochin CTC dust quotation, good grades quote ₹105-158, mediums fetched ₹96-135 and plain stood at ₹87-115.
There was a good demand in leaf sales with Nilgiri brokens, whole leaf and Fannings in orthodox grades remained steady to firm and sometimes dearer following quality. The quantity on offer was 2,00,500 kg.
With a strong demand, the CTC leaf market especially for brokens and Fannings was higher by ₹5 to ₹10 and sometimes more. The quantity on offer was 64,500 kg. Exporters and upcountry buyers absorbed the bulk of the CTC’s.
In dust varieties, Waterfall SFD quoted the best prices of ₹160 followed by Mayura SRD/SFD at ₹159. In leaf grades, Chamraj FOP-Sup (Green Tea) fetched the best prices of ₹402 followed by Chamraj FOP at ₹321.
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