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A sharp drop in temperature in the high ranges, leading to lower output, is said to have impacted tea prices at Kochi auctions. The situation is likely to continue for the next few weeks with an upward trend in prices.
In sale No. 1, the market opened firm to dearer by ₹2 to ₹3 for good liquoring teas in CTC dust. As the sale progressed, the price rose further based on quality. The quantity on offer was 10,24,000 kg. Exporters operated on low medium and plainer varieties, according to auctioneers Forbes, Ewart & Figgis.
In orthodox dust, the market for primary grades remained steady while others were irregular.
The quantity on offer was 14,000 kg. In Cochin CTC dust quotation, good varieties fetched ₹115-169, mediums quoted ₹80-131 and plain grades stood at ₹62-88.
In the leaf category, the market for select best Nilgiri brokens, whole leaf and Fannings in orthodox grades sold around previous levels. The quantity on offer was 75,500 kg.
In CTC leaf, the market for high-priced brokens and Fannings remained steady. Others appreciated by ₹2 to ₹3 and sometimes more.
Monica SFD quoted the best prices of ₹169 in dust grades, followed by Murgugan SFD and Monica FD at ₹150 each. In leaf, Chamraj OP topped, quoting ₹311, followed by P’s Woodlands Hyson (Green Tea) at ₹300.
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