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Prices of several high-priced teas were lower at the Kochi auctions despite blenders lending useful support to good liquoring varieties.
However, the decline in price was less for clean black well-made plainer, grainier varieties. There was some improvement in arrivals compared to last week, though the market was lower by ₹5 to ₹10 and sometimes more.
In sale no 10, the quantity on offer was 9,64,000 kg. The demand from exporters was subdued, the auctioneers Forbes, Ewart & Figgis said.
The market was irregular and lower in the orthodox varieties also and the quantity on offer was 8,500 kg. Exporters continued to be the mainstay of the market.
In the Cochin CTC dust quotation, good varieties quoted ₹103-139, mediums fetched ₹90-116 and plain grades stood at ₹86-96.
In the leaf sale, the market for select best Nilgiri brokens and whole leaf barely remained steady, while others were irregular and lower following quality. The quantity on offer was 133,000 kg. CIS and other exporters lent fair support.
In CTC grades, the quantity on offer was 73,500 kg. The market for bolder brokens sold around last levels, with upcountry buyers absorbing the bulk of the offerings.
In dust varieties, Injipara SFD quoted the best prices of ₹147, followed by Waterfall SFD at ₹145. In the leaf grades, Chamraj FOP-Sup (Green Tea) was at the top position quoting ₹336, followed by Havukal FOP at ₹301.
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