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Low arrivals and subdued demand both from blenders and upcountry buyers impacted the prices of several tea varieties at the Kochi auctions this week.
The market for CTC dust was ₹5 to ₹10 lower and sometimes more. However, the decline in prices was less for some select best powdery grades. In sale no 16, the quantity on offer in CTC grades was low at 7,69,000 kg.
Leading blenders such as HUL and Tata Global were selective and absorbed only a small quantity. Lesser enquiry was noticed from exporters, the auctioneers Forbes, Ewart & Figgis said.
However, demand was good for orthodox varieties and the market was dearer by ₹3 to ₹5. The quantity on offer was low at 1,500 kg and a small quantity was absorbed by exporters.
In the Cochin CTC dust quotation, good varieties fetched ₹120-181, mediums quoted ₹105-150 and plain grades stood at ₹100-113.
Tea prices in the leaf category also declined, with the market for Nilgiri brokens in orthodox grades irregular and lower by ₹5 to ₹10. The quantity on offer was 1,11,500 kg.
The CTC leaf market was lower by ₹3 to ₹5 and sometimes more and witnessed a lot of withdrawal. Clean black Fannings were firm to dearer.
In the dust varieties, Monica SFD quoted the best prices of ₹182 followed by Carady Goody SFD at ₹175. Chamraj FOP was at the top in the leaf grades quoting ₹436, followed by Chamraj FOP-S (Green Tea) at ₹427.
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