Heavy withdrawals at Kochi tea auction

Several varieties of tea witnessed heavy withdrawals at Kochi tea auction last week due to insufficient volume of bids.

Market for Good Liquoring teas and those which came under the selection of major blenders was steady to firm and sometimes dearer. Others were irregular and lower by ₹3 to ₹5 and witnessed withdrawals.

In sale no 28, the quantity on offer in CTC dust was 14,40,000 kg and the demand was fair with almost 73 per cent being sold. There was subdued demand from upcountry buyers and exporters were less active covering only a small quantity, auctioneers Forbes, Ewart & Figgis said.

The quantity on offer in Orthodox grade was 13,500 kg and the market was lower witnessing heavy withdrawals. A very small quantity of Orthodox dust sold was absorbed by exporters.

In the best CTC dust, PD varieties quoted ₹91/111, RD grades fetched ₹96/131, SRD ruled ₹106/138 and SFD stood at ₹108/152.

With a fair demand, the quantity on offer in Orthodox leaf was 2,38,000 kg. The market for Good Liquoring Nilgiri Brokens and Fannings was fully firm to sometimes dearer. Others were irregular and lower.

However, the demand was good for CTC leaf grade and the quantity on offer was 69,000 kg. The select best tea varieties were steady to firm. Others were irregular and lower and witnessed some withdrawals. Exporters operated at lower levels.

In the dust grade, both Injipara (Prm) RD and SRD quoted the best prices of ₹156 each followed by Monica SFD and Injipara (Prm) SFD at ₹155 each.

In the leaf category, Pascoe’s Woodlands Hyson Green Tea fetched the best prices of ₹317 followed by Sutton FOP at ₹301.

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