Prices of several tea varieties declined at the Kochi auction this week, despite low arrivals. It resulted in lot of withdrawals.
The quantity on offer in CTC dust grades was 11,83,500 kg, lower compared with last week.
The market for Select Best Liquoring teas and popular marks barely remained steady. Others were irregular and lower by ₹3-5 and sometimes up to ₹10. It also witnessed lot of withdrawals. There was a subdued demand from exporters and upcountry buyers, the auctioneers Forbes, Ewart & Figgis said.
The arrivals in orthodox dust was also low at 13,000 kg with the market witnessed some withdrawals.
In Cochin CTC dust quotation, good varieties fetched ₹85-135, medium grades quoted ₹63-82 and plain stood at ₹51-60.
The leaf sale also witnessed a lot of withdrawals with quantity on offer in Orthodox grades was 1,59,500 kg. The Select Best Nilgiri all varieties barely steady to firm, while others were irregular and lower. Medium Clean Black Well Made Bolder Broken and Whole Leaf was firm to dearer.
With fair demand, the quantity on offer CTC grades was 66,000 kg. The market for Good Liquoring varieties was steady, while others were irregular and lower by ₹3-5. There was active participation from upcountry and Kerala buyers.
In dust varieties, both Majolai SFD and Monica SFD quoted the best prices of ₹137 each followed by Manjolai FD at ₹135. In leaf grades, Chamraj Green tea FOP (sup) fetched the best prices of ₹296 followed by Pascos Woodlands Hyson Green tea at ₹287.