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An invoice of ‘FOP’ grade from Chamraj Estate, Nilgiris realised a record price of ₹611 a kg at Kochi leaf auction No.11 on Wednesday.
This is the highest price fetched for any grade in South India auctions in 2017.
Meanwhile there has been fair demand for liquoring varieties in CTC dust at auctions. The market for teas under the selection of leading blenders was steady to firm and sometimes dearer. The quantity on offer in CTC dust was 7,06,500 kg.
Prices for browner medium teas and plainer varieties was lower and witnessed lot of withdrawals. Upcountry buyers covered only a small quantity. The orthodox market was steady to firm and sometimes dearer. The quantity on offer was 9,500 kg.
In the Cochin CTC dust quotation, good varieties fetched ₹116-164, mediums quoted ₹110-148 and plain grades stood at 99-114. In the leaf sale, the market for Nilgiri bolder brokens in orthodox grades was firm to dearer. The quantity on offer was 140,000 kg.
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