High-priced tea varieties slip lower at Kochi auctions

Despite improved arrivals, declining trend continued at Kochi auctions with prices of high-priced teas was lower by ₹3 to ₹5.

Besides witnessing some withdrawals, medium teas were also easier at ₹2 to ₹3 in sale no 48. Plainer teas were steady to firm, especially the grainier varieties. Leading blenders were active on good liquoring varieties, while upcountry buyers lent fair support, the auctioneers Forbes, Ewart & Figgis said.

The quantity on offer in CTC dust was 10,38,000 kg, up from last week level.

There was a subdued demand from Kerala Loose Tea traders and exporters confined to medium and plainer grainier varieties.

However, in orthodox grades, the market was steady to firm and sometimes dearer. The quantity on offer was 17,000 kg. Exporters and upcountry buyers absorbed the bulk.

In Cochin CTC dust quotation, good varieties fetched ₹105-140, mediums quoted ₹98-114 and plain grades stood at ₹93-98.

In leaf category, the market for Nilgiri brokens, whole leaf and Fannings in orthodox grades was firm to dearer following quality. The quantity on offer was 219,500 kg.

In CTC leaf, the quantity on offer was 56,500 kg. With good demand, the market for bolder brokens remained barely steady and tended to ease. Exporters and upcountry buyers continued to be the mainstay of the market.

In dust varieties, Kallyar SFD quoted the best prices of ₹141 followed by Puduthottam SRD/Waterfall SFD at ₹140. Chamraj FOP-S (green tea) came to the top in leaf grades quoting ₹340 followed by P’s Woodlands Hyson Green tea at ₹276.

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