Agri Business

Prices continue to decline at Kochi tea sale

V Sajeev Kumar New Delhi | Updated on March 12, 2018 Published on November 14, 2014

Prices at Kochi tea auction continued to witness a declining trend. In sale no 46, the quantity on offer in CTC dust grades was 11,56,500 kg, which was low compared to last week.

However, the teas which came under the selection of AVT were firm to dearer, while others were irregular and lower by ₹3 to ₹4 and sometimes more. Auctioneers Forbes, Ewart & Figgis pointed out that Grainier varieties witnessed improved export inquiries.

Despite some improvement in Orthodox arrivals at 19,000 kg, the market was lower and witnessed heavy withdrawals. A small quantity of Orthodox dust sold was absorbed by exporters.

In CTC dust, good varieties fetched ₹90-140, medium grades quoted ₹65-90 and plain stood at ₹51-60.

The leaf sale registered some improvement in arrivals with a quantity of 170,000 kg on offer in Orthodox grades. The market for Nilgiri Brokens and Whole Leaf was irregular and lower by longer margins of ₹5 to ₹10 and sometimes more. It also witnessed some withdrawals.

With less demand, the quantity on offer in CTC leaf was 63,000 kg. The market for Bolder Brokens was steady to firm. Others were irregular and lower. However, plain Fannings was steady to firm and sometimes dearer.

In dust varieties, Manjolai SFD quoted the best prices of ₹142 followed by Monica SFD at ₹141. In leaf grades, Chamraj Green Tea FOP (Sup) fetched the best prices of ₹318 followed by Pascos Woodlands Hyson Green Tea at ₹280.

Published on November 14, 2014
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