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Active blender participation and export demand lifted prices of several tea varieties at the Kochi auctions this week.
With a firm opening, the CTC dust market was dearer by ₹2 to ₹3 in sale no 5. It also appreciated with longer margins of ₹5 to ₹7 and more, especially towards the close. The quantity on offer was 7,31,500 kg.
Besides, clean black well-made good liquoring grainier teas witnessed good export enquiry. However, demand from Kerala loose tea traders and upcountry buyers was subdued.
According to auctioneers Forbes, Ewart & Figgis, the orthodox market was also firm to dearer with exporters and upcountry buyers absorbing the quantity on offer of 16,500 kg.
In the Cochin CTC dust quotation, good varieties fetched ₹115-159, mediums realised ₹110-130 and plain grades quoted ₹104-114.
In the leaf category, orthodox prices spurted with the market for Nilgiri brokens, whole leaf and Fanning was firm to dearer. Exporters and upcountry buyers continued to be the mainstay of the market. The quantity on offer was 132,000 kg.
However, for CTC grades, the demand was only fair. The market for high priced brokens was irregular and lower by ₹5 to ₹10 and sometimes more. The quantity on offer was 65,500 kg.
In the dust varieties, Kallyar SFD quoted the best prices of ₹159, followed by Sholayar SFD at ₹158. Chamraj FOP-S (Green Tea) came to the top in leaf quoting ₹361, followed by P’s Woodlands Hyson (Green Tea) at ₹291.
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