Commodities

Mixed trend at Kochi tea auction

Our Bureau Kochi | Updated on June 26, 2011




The arrivals continued to be high at 1,518,000 kg of dust and 3, 97,000 kg of leaf tea at the Kochi tea auction.

However, prices of several teas started looking up after the fall experienced over the past few weeks. Good liquoring grades were absorbed by AVT, Kerala State Civil Supplies Corporation and loose tea traders.

Hindustan Unilever and upcountry buyers lent fair amount of support. Tata Tea remained very selective and bid only for small quantity.

Good export enquiry was noticed at lower levels. High grown grades quoted lower at the orthodox dust auction while medium grades remained firm to dearer. Bulk of the orthodox dust grades were absorbed by exporters.

Leaf Auction

High grown and medium orthodox leaf teas were generally irregular and lower and there were heavy withdrawals as well. High grown BOP fannings moved up on quality demand.

Medium fannings tended to ease. Exporters to CIS remained subdued. Exporters to Tunisia operated at lower levels.

Fannings witnessed good enquiry from tea bag exporters. HUL operated on CTC whole leaf grades.

There was good demand at the CTC leaf auction although the better grades were barely steady. Medium and plain grades were dearer. HUL was selective and bulk of the offerings was absorbed by internal and upcountry buyers. Some export enquiry was evident at lower levels.

Top Prices

Injirara SFD fetched the top price at dust auction at Rs 131 followed by Injipara SRD at Rs 128, Injipara RD at Rs 126 and Injipara FD at Rs 117.

At the leaf auction Pascoe's green tea fetched the top price at Rs 291, followed by Havukal BOPF at Rs 210, Chamraj OP at Rs 199 and Sutton FOP at Rs 165.

Published on June 26, 2011

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