Agri Business

Arrivals fall, prices firm up at kochi tea sale

Our Bureau Kochi Sept 25 | Updated on September 25, 2011




Arrivals have begun to dip at the Kochi Tea Auction and prices are remaining firm to dearer, especially at the dust auction. Arrivals have plunged to 9,78,500 kg at the dust auction and 2,50,500 kg at the leaf auction. Good liquoring, black and grainy grades were firm to dearer at the CTC dust auction while the finer dust grades also moved up. Medium and plainer grades also inched while bolder varieties remained irregular. AVT and Kerala State Civil Supplies Corporation were active at the CTC dust auction while more demand was observed from loose tea traders. High-priced and grainy varieties witnessed better export enquiry.

Hindustan Unilever was selective while Tata Global and upcountry buyers remained subdued. High grown grades were dearer at the orthodox dust auction while medium and primary grades remained steady. There were some withdrawals as prices of a few orthodox dust grades fell. Bulk of the offering at the orthodox dust auction was absorbed by exporters.

Leaf Auction

High grown grades remained firm to dearer at the orthodox leaf auction as buyers chased quality. Broken and whole leaves remained steady to firm. Other grades were irregular at the auction while fannings remained barely steady. Exporters to CIS countries and other traditional destinations were active while exporters to Tunisia remained subdued. HUL was not active in this counter. There was good demand at the CTC leaf auction where good liquoring teas quoted higher. Medium and plain grades also appreciated in value.

Better export enquiry was witnessed with generally good support from interstate as well as local buyers. HUL did not operate at the CTC leaf counter. AVT and Tata Global were selective.

Injipara RD fetched the top price at the dust auction at Rs 124 followed by Injipara SFD at Rs 123, Injipara SFD at Rs 122 and Pasupara RD at Rs 117.

Published on September 25, 2011

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