Agri Business

Exporters lift leaf tea prices at Kochi auctions

Our Bureau | Updated on June 25, 2020 Published on June 25, 2020

The average price realisation in CTC dust grades was higher at ₹106   -  THE HINDU

Active participation of exporters has lifted prices of leaf teas at the Kochi auctions this week. The market for select best Nilgiri whole-leaf and brokens was firm to dearer in sale no 26. The quantity offered was 3,41,916 kg and exporters to CIS countries and other destinations were active.

CTC leaf sales witnessed strong demand with 98 per cent sold out of the offered quantity of 73,000 kg. The market for best and medium brokens was irregular and sometimes lower, while Fannings were dearer. There was active participation of upcountry buyers.

However, the average price realisation was lower, at₹138, compared to the previous week, said auctioneers Forbes, Ewarrt & Figgis.

The average price realisation in CTC dust grades was higher at ₹106 against ₹103 in the previous week, as grainier dust grades such as PD & RD witnessed strong features and appreciated in value. The market for good liquoring powdery types was firm to dearer. The quantity offered was 9,44,164 kg. However, there was subdued demand from loose-tea traders, while exporters operated at the bottom of the market.

The market remained barely steady for orthodox dust and witnessed a declining trend. The quantity offered was 10,500 kg.

Published on June 25, 2020
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