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Prices stabilised at the Kochi tea auction last week despite thick arrivals. There were 15,06,500 kg of dust and 4,66,000 kg of leaf on offer. Good liquoring teas were steady to dearer at the CTC dust auction. Medium and plainer teas were irregular and tended lower. Around 25 per cent of the CTC dust grades on offer remained unsold. AVT continued to be active along with Kerala State Civil Supplies Corporation. While Hindustan Unilever was also active, Tata Global was a marginal player. Exporters were active at lower levels. At the orthodox dust sale, high-grown and medium grades tended lower. Bulk of the offerings was absorbed by exporters and upcountry buyers.
Leaf Auction
Medium grades were firm to dearer at the orthodox leaf auction while most other grades, including Nilgiri broken and fannings, tended lower. There was a fair amount of withdrawals as well. While exporters to Tunisia remained subdued, traditional exporters to CIS countries were active. Hindustan Unilever did not trade. At the CTC leaf auction, quality teas remained steady. Most other grades quoted lower. Exporters operated at lower levels. Bulk of the offerings was absorbed by internal and upcountry buyers.
Top Prices
Injipara SFD fetched the top price at the dust auction at Rs 122, followed by Pasuparai SFD at Rs 121, Injipara SRD at Rs 120 and Karimtharuvi SFD at Rs 116. At the leaf auction, Pascoe's green tea fetched the top price at Rs 288, followed by Chamraj OP at Rs 201, Chamraj FOP at Rs 188 and Sutton GFP at Rs 184.
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