Agri Business

Presence of upcountry traders lifts leaf tea prices at Kochi auction

V.Sajeev Kumar Kochi | Updated on June 19, 2020

Tea leaf prices surged at Kochi auctions, thanks to active the participation of North Indian buyers. According to traders, the higher prices of North Indian teas have prompted many upcountry buyers to source tea from Kochi for blending.

The prices of all varieties were dearer by ₹2-3 in sale 25. Of the 74,500 kg offered in CTC leaf, 99 per cent was sold. The strong demand from North India was reflected in the average price realisation at ₹141, compared to ₹137 in the previous week.

The market for orthodox leaf was also dearer by ₹5-10 and sometimes more. The quantity offered was 3,38,442 kg. Exporters to CIS countries and other destinations were active.

Dust grade demand subdued

However, the demand continued to be subdued in dust grades because of lower buyer participation other than a lone blender. Kerala Loose Tea Traders operated hand to mouth, while State Civil Supplies, one of the major blenders, lent fair support.

The quantity offered in CTC dust was 11,19,502 kg and the average price realisation was lower at ₹103 per kg compared to the previous week. Good liquoring teas remained steady to firm and sometimes dearer, particularly teas which came under the selection of AVT, the auctioneers Forbes, Ewart & Figgis said.

In orthodox dust, the market was steady to firm and sometimes dearer. The quantity offered was 24,000 kg and a small quantity was absorbed by exporters.

Published on June 19, 2020

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