Prices ease at Kochi tea auction

Demand waned and prices eased at the Kochi tea auction for both the dust and leaf tea. There was 11,47,500 kg of dust and 2,69,500 kg of leaf tea on offer .

Prices of several CTC dust teas fell by Rs 3-5. Exporters remained subdued and covered only negligible quantities at the auction.

Tata Global was relatively active at the dust auction while AVT and Kerala State Civil Supplies Corporation lent fair amount of support. Hindustan Unilever also remained subdued and covered nominal quantity.

There was very little orthodox dust grades on offer at the auction and price remained fully firm to dearer.

Bulk of the orthodox dust was absorbed by HUL and exporters.

Leaf Auction

Select high grown whole leaf grades, bolder broken and fannings were firm to dearer at the orthodox leaf auction.

Most other grades were irregular and quoted lower. Medium whole leaf and bolder broken grades also quoted higher following quality.

Medium smaller broken grades and fannings from some areas were barely steady and often eased in price.

Exporters to Russia and HUL were active. Exporters to Tunisia confined themselves to medium grades. CTC leaf quoted lower by Rs 3-5 and sometimes even more.

Upcountry buyers lent some amount of support while exporters remained subdued.

Top Prices

Pasuparai FD fetched the top price at the dust auction at Rs 136 followed by Pasuparai SFD at Rs 129, Pasuparai RD at Rs 124 and Pasuparai SRD at Rs 116.

At the leaf auction, Glendale pekoe fetched the top price at Rs 210 followed by Quinshola FP and Chundavurrai Pekoe at Rs 205 while Rajamallay Pekoe fetched Rs 201.

COMMENT NOW