Agri Business

Firm trend in select grades at Kochi tea auction

Kochi Feb. 6 | Updated on February 07, 2011 Published on February 06, 2011

Tea leaves at a garden in Devala in Nilgiri-Wyanad.   -  Business Line

While there was general weakness at the CTC dust tea auction in Kochi, firm trends were in evidence at the orthodox dust sale. In a similar pattern, orthodox leaf auction witnessed strong demand and higher prices, while demand was muted at the CTC leaf auction and prices remained subdued. There was 10,47,500 kg of dust tea and 2,47,500 kg of leaf tea on offer at the auction. As prices of CTC dust fell by Rs 3-5 a kg, there were several withdrawals from the auction.

Only good liquoring grades were able to withstand the price plunge. The Kerala State Civil Supplies Corporation and loose tea traders lent fair amount of support, while AVT, Hindustan Unilever and Tata Global remained subdued.

Leaf Auction

There was strong demand for high-grown strong and medium grades at the orthodox leaf auction and prices gained smartly. Medium orthodox bolder broken and whole leaf grades quoted higher following quality. Smaller broken and fannings moved in value. There was strong demand from HUL and exporters to Russia. There was fair amount of support from exporters to Tunisia. Upcountry demand was noticed on select whole leaf orthodox grades and fannings. HUL and exporters were selective and subdued at the CTC leaf auction. Upcountry buyers entered at lower levels.

Top Prices

Corsley BOPD fetched the top price at the dust auction at Rs 149 followed by Pasuparai SFD at Rs 140, Pasuparai FD (Rs 136) and Kilkotagiri BOPD (Rs 125). At the leaf auction, Pascoes green tea fetched the top price at Rs 377 followed by Chamraj OP at Rs 218, Sutton FOP at Rs 217 and Chamraj FP at Rs 215.

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Published on February 06, 2011
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