Comments
Several varieties of tea witnessed heavy withdrawals at the Kochi tea auction last week due to lack of or low bids.
The market for Good Liquoring teas and those which major blenders showed interest in was steady to firm. The demand for others were irregular, quoting ₹3-5 lower and witnessing withdrawals.
In Sale No 28, 14,40,000 kg of CTC dusts was on offer and the demand was fair, with 73 per cent getting sold. There was subdued demand from upcountry buyers and exporters were less active, auctioneers Forbes, Ewart & Figgis said.
In Orthodox grades, 13,500 kg was on offer and the market witnessed heavy withdrawals. Only a small quantity of Orthodox dust sold was absorbed by exporters.
In best CTC dusts, PD varieties quoted at ₹91-111, RD grades fetched ₹96-131, SRD ₹106-138, and SFD ₹108-152.
With fair demand, 2,38,000 kg of Orthodox leaf was on offer . The market for Good Liquoring Nilgiri Brokens and Fannings was firm. The market for others was irregular.
However, the demand was good for CTC leaf grades and the quantity on offer was 69,000 kg. The demand for select best varieties was steady to firm. As for others, it was irregular and low
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.