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Prices of several tea varieties, especially high-priced ones, was lower at the Kochi auctions due to poor arrivals and subdued upcountry demand.
Though the CTC dust market opened on a firm dearer trend, it became irregular and sometimes lower with the progress of the sale. According to auctioneers, Forbes, Ewart & Figgis, exporters continued to be active on the medium and plainer grainier varieties.
In sale no 4, the quantity on offer in CTC grades was 8,21,500 kg.
The market for orthodox remained barely steady and exporters continued to absorb dust grades. The quantity on offer was 16,000 kg.
In the Cochin CTC dust quotation, good varieties fetched ₹115-160, mediums quoted ₹110-126 and plain grades stood at ₹106-112.
Prices in the leaf category also witnessed a declining trend with the market for Nilgiri brokens and whole leaf in orthodox grades tending to ease and witnessing some withdrawals. The quantity on offer was 1,61,000 kg.
In CTC leaf, the market was irregular and lower and the decline in price was more as the sale progressed. The quantity on offer was 63,5000 kg.
In the dust varieties, Kallyar SFD quoted the best prices of ₹161, followed by Sholayar SFD at ₹158. Chamraj FOP-S (Green Tea) came to the top in the leaf varieties quoting ₹381, followed by P’s Woodlands Hyson (Green Tea) at ₹301.
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