Kochi tea auctions witnessed a mixed trend as prices of several varieties were irregular and lower.
The market for high-priced teas in the CTC dust witnessed some resistance in sale no 7 and the prices was lower by ₹3-5 a kg and more. However, the decline in prices was less for good medium and black plainer teas, the auctioneers Forbes, Ewart & Figgis said.
Leading blenders and upcountry buyers lent fair support for good liquoring teas while there was a subdued demand from loose tea traders. The quantity on offer in CTC dust was 9,60,500 kg.
Of the 9,000 kg on offer in orthodox grades, the market for primary grades was dearer. Exporters were the mainstay for the small quantity of orthodox dust sold.
In Cochin CTC dust quotation, good varieties fetched ₹107-156, medium grades quoted ₹96-133 and plain varieties stood at ₹91-113.
The leaf sale market was also irregular with select best high-grown brokens and Fannings barely remaining steady in orthodox grades. The quantity on offer was 169,500 kg. Whole leaf was firm to dearer following quality.
With a fair demand, the quantity on offer in CTC grades was 84,500 kg. Other varieties were irregular and lower by ₹3-5 and sometimes more.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.