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Domestic traders were selective on Arabica Plantation and Arabica Cherry at the Indian Coffee Trade Association (ICTA) auctions last week.
According to auctioneer J Thomas & Company, there was no enquiry from the exporters for Arabica coffees on sale, while Robusta Parchment coffees received support from both exporters as well as domestic trade.
Arabica Plantation PB and A grade received support at current price levels, C grade price was higher by Rs 250 for 50 kg when compared to last week levels and was bought by the domestic trade, B grade on offer remained unsold.
Arabica Cherry PB and AB grade received enquiry at current price levels, C grade sold at prices similar to last levels.
Robusta Parchment coffee prices were higher by Rs 50 to 100 for 50 kg compared to last week's sale. Robusta Cherry coffees remained unsold as seller's price expectation was higher than the buyer's interest.
Arabica Plantation and Arabica Cherry BBB price were lower by Rs 50 to Rs 300 for 50 kg, Robusta Parchment BBB price was higher by Rs 140 for 50 kg when compared to last levels. Robusta Cherry BBB remained unsold.
The prices quoted for grades in 50-kg bags were:
Arabica varieties — Arabica Plantation MNEB Rs 10,400-10,425, Arabica Plantation A Rs 10,850, Arabica Plantation C Rs 9,750, Arabica Plantation BBB Rs 6,300 – 6,600, Arabica Cherry PB Rs 9,000, Arabica Cherry AB Rs 8,800, Arabica Cherry C Rs 6,700 and Arabica Cherry BBB Rs 5,705.
Robusta varieties — Robusta Parchment PB Rs 7,200 – 7,300, Robusta Parchment AB Rs 7,850 – 7,900, Robusta Parchment AA Rs 8,000, Robusta Parchment RKR Rs 7,950 and Robusta Parchment BBB Rs 5,000 – 5,640.
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