Declining trend continue to witness the Kochi Tea auction with prices for almost all varieties quoting lower.
In sale No: 23, the quantity on offer in the dust grades was 11,95,500 kg. Though the upcountry demand was low, there was a fair demand from exporters.
The market opened Rs 3 to Rs 5 lower. As the sale progressed, the drop was more to the tune of Rs 5 to Rs 10 following quality. The drop in price was less for bottom of the market.
The quantity on offer in the orthodox dust grades was 7,500 kg and the market was easier by Rs 2 to Rs 3.
In the best CTC dusts, PD varieties quoted Rs 103/125, RD grades fetched Rs 105/124, SRD ruled at Rs 110/136 while SFD stood at Rs 110/150.
The quantity on offer in the orthodox leaf category was 157,500 kg. The market for all Nilgiri varieties was irregular and lower following quality. Well made clean black medium bolder brokens, tippy grades barely remained steady. Others were irregular and lower.
Corresponding whole leaf witnessed strong feature and moved up in value. Secondary brokens firm to dearer. Fannings from the same origin steady to firm and sometimes dearer.
The quantity on offer in CTC leaf grades was 83,500 kg. The market for good liquoring brokens and fannings were fully firm. Others were irregular and lower.
In the dust category, Monica SFD quoted the best prices of Rs 152 followed by Kallyar SFD at Rs 149. In the leaf grades, Chamraj FOP-S Green Tea fetched the best prices of Rs 315 followed by Grahamsland Pekoe at Rs 226.