Tea prices inched up on lower arrivals of the dust variety at the Kochi tea auctions. There were 10,42,500 kg of dust and 3,10,500 kg of leaf tea on offer. The CTC dust auction opened firm to dearer with prices moving up by Rs 1-3 a kg. The prices moved up further as the auction progressed, especially of the medium and good liquoring grades. AVT, Tata Global and Kerala State Civil Supplies Corporation were active along with loose tea traders. Hindustan Unilever was selective in a market that witnessed better demand from upcountry buyers as well as exporters. High grown and medium grades were dearer at the orthodox dust auction while secondaries, which quoted lower, witnessed several withdrawals. Bulk of the offering was absorbed by exporters and interstate buyers. HUL remained selective.

Leaf Auction

At the orthodox leaf auction, high-grown bolder brokens and whole leaf grades were firm to dearer in a market where general bolder broken grades were barely steady. Medium grades and fannings were irregular and witnessed some withdrawals. Traditional exporters lent a fair amount of support. Demand for medium plain grades was evident from exporters to Tunisia. Fannings were absorbed by tea bag exporters. HUL did not operate in the market. Better liquoring grades were steady at the CTC leaf auction while medium fannings were dearer. Exporters were active on medium and plain CTC leaf varieties.

Pasuparai FD fetched the top price at the dust auction at Rs 131 followed by Pasuparai SFD at Rs 123, Injipaara SFD at Rs 121 and Injipara SRD at Rs 120.

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