Kochi tea auctions see better demand, active participation amid low arrivals

Amidst low arrivals in all categories, the Kochi auctions witnessed better demand, with active blenders’ participation on good liquoring varieties.

In sale no. 2, the quantity on offer was 9,49,000 kg in CTC dust, which was low compared to last week.

The market for high-priced teas witnessed some resistance and declined when the sale opened. But later, it became steady and at times appreciated in value as the sale progressed. Medium and plainer varieties were firm to dearer by ₹3 to ₹5 and sometimes more. There was active participation from upcountry buyers, the auctioneers Forbes, Ewart & Figgis said. With good demand, the quantity on offer in orthodox grades was 13,500 kg. The market for primary grades remained steady. In Cochin CTC dust quotation, good grades fetched ₹105-162, medium quoted ₹90-130, and plain stood at ₹77-94. In leaf varieties, the quantity on offer in orthodox was 134,000 kg. The market for select best Nilgiri brokens, whole leaf and Fannings was firm to dearer.

However the demand was better in CTC with only 48,000 kg was on offer. All varieties were dearer by ₹2 to ₹4, and sometimes more.

In the dust category, Pasuparai SFD quoted the best prices of ₹164, followed by Monica SFD at ₹162.

In leaf grades, Chamraj OP-Delight Green tea fetched the best prices of ₹420, followed by P’s Woodlands Hyson Green tea at ₹301.

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