Commodities

Prices edge lower on subdued demand at Kochi tea auction

V. Sajeev Kumar Kochi | Updated on July 25, 2014 Published on July 25, 2014

The Kochi tea auction witnessed subdued demand from exporters and low arrivals in several varieties this week.

However, the market for good liquoring teas was steady to firm and sometimes dearer, especially for grainier varieties. Others were irregular and lower.

The quantity on offer in CTC dust grades was 12,80,500 kg, which was lower compared to last week’s arrivals. According to the auctioneers Forbes, Ewart & Figgis, the best varieties witnessed good demand, while it was fair for others.

The arrival in Orthodox varieties was also low at 8,500 kg. The market for primary grades was steady, while others were lower. A small quantity of Orthodox dust sold was absorbed by exporters.

In Kochi CTC dust, the best grades quoted ₹100-155, medium fetched ₹70-95 and plain varieties at ₹55-64.

In the leaf category, the arrival in Orthodox grades was low at 2,28,500 kg. Though the sale witnessed good demand, the market for Whole Leaf, Brokens and Fannings was barely steady and tended to ease. It also witnessed some withdrawals.

CIS countries continued to be active in the auction along with other exporters.

The quantity on offer in CTC leaf grades was 89,000 kg, with upcountry buyers and exporters lending fair support.

In the dust category, Injipara (Prm) RD fetched the best prices of ₹159, followed by Manjolai SFD at ₹158. In leaf grades, Chamraj FOP (S) Green quoted the best prices of ₹321, followed by Pascoe’s Woodland Hyson Green Tea at ₹311.

Published on July 25, 2014
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