Arrivals at Kochi tea auction remain firm

Arrivals continued to be firm at the Kochi tea auction even as prices did not vary much over the week. There was 12, 58,000 kg of dust and 3, 28,000 kg of leaf tea on offer at the auction. Good liquoring CTC dust grades were fully firm to dearer, especially the select good grades. AVT and Kerala State Civil Supplies Corporation were active on good liquoring grades along with loose tea traders. Tata Global operated on grainier varieties while Hindustan Unilever remained selective. There was fair amount of upcountry demand. Bulk of the offerings of orthodox dust was absorbed by exporters.

There was fair demand for high-grown orthodox leaf grades while whole leaf, as well as bolder broken and fannings were firm to dearer at the auction. Other grades quoted lower and there were several withdrawals. Medium tippy grades and bolder broken grades remained firm. Other grades were irregular and quoted lower with several withdrawals. Fannings were also barely steady and tended to ease. Exporters to CIS countries remained subdued. Exporters to Tunisia operated at lower levels. Upcountry buyers were active on whole leaf and fannings along with exporters. HUL was not active.

Good liquoring teas were barely steady at the CTC leaf auction and sometimes quoted lower. Fannings which sold at last week's levels was dearer. Bulk of the CTC leaf offerings was absorbed by upcountry buyers. Small CTC grades witnessed enquiry from exporters. HUL did not operate at the CTC leaf counter.

Injipara SRD fetched the top price at the dust auction at Rs 125 followed by Pasuparai SFD at Rs 122, Manjolai SFD at Rs 121 and Injipara RD at Rs 121. At the leaf auction Pascoe's green tea fetched the top price at Rs 304 followed by Havukal BOPF at Rs 213, Chamraj OP at Rs 197 and Chamraj FOP at Rs 188.

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