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Witnessing heavy withdrawals, dust tea sales at Kochi auctions were lower by ₹5-10 a kg and sometimes more.
A very strong participation was noticed from major blenders, which covered around 3.8 lakh kg, of the total 12.9 lakh kg in sale 22. There was a subdued demand from loose tea traders and upcountry buyers. Exporters confined to bottom of the market and absorbed very small quantity. According to auctioneers Forbes, Ewart & Figgis, the average price realisation was lower at ₹107 compared to previous week.
The market for orthodox dust was also lower and the quantity offered was 23,000 kg. Active participation of exporters to CIS countries lifted orthodox Nilgiri varieties prices by ₹5-10. The quantity offered was 2.08 lakh kg. Upcountry buyers lent fair support, while the demand from Kerala buyers was subdued.
In CTC leaf, the market for good liquoring brokens and Fannings was firm to dearer, while others were irregular and sometimes lower. It also witnessed some withdrawals. The quantity offered was 62,000 kg.
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