Agri Business

At Kochi sale, tea prices gain steam on demand

V SAJEEV KUMAR Kochi | Updated on January 20, 2018 Published on May 15, 2016

Better demand has firmed up prices of some select tea varieties in the CTC dust category at Kochi auctions this week.

With 94 per cent of the offered quantity of 9.68 lakh kg getting sold in sale No 19, the market, which opened on a firm note, was dearer by ₹2-3 a kg. However, plainer tea varieties barely remained steady and tended to ease.

Leading blenders, along with Kerala Loose Tea traders, were active on good liquoring teas, while there was a subdued demand from exporters.

According to auctioneers Forbes, Ewart & Figgis, orthodox sale witnessed good demand, with the market for primary grades were firm to dearer. Exporters and upcountry buyers absorbed the bulk of the 10,500 kg on offer.

In Cochin CTC dust quotation, good grades fetched ₹108-₹144, mediums quoted ₹98-₹120 and plain category stood at ₹90-₹103.

In leaf category, the market for Nilgiri brokens in orthodox grades was irregular and tended to ease, while whole leaf was firm to dearer. The quantity on offer was 1.12 lakh kg.

However, in CTC grades, good liquoring all varieties was firm to dearer with the support lent by exporters and upcountry buyers. The quantity on offer was 61,000 kg.

Published on May 15, 2016
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