Kochi Tea Auction continues to witness heavy withdrawals due to low and lack of bids. However, Good liquoring teas and teas which came under the selection of blenders were firm to dearer. Exporters confined to medium and plainer varieties.
The quantity on offer in CTC dust grades was 14,11,000 kg. The demand for Good Liquoring teas was good, while others were less, the auctioneers Forbes, Ewart & Figgis said.
The quantity on offer in Orthodox grades was 13,000 kg. With a less demand, the market was lower and witnessed heavy withdrawals. A small quantity sold was absorbed by exporters.
In the best CTC dusts, PD varieties quoted ₹94/116, RD grades fetched ₹99/131, SRD ruled ₹110/140 and SFD stood at 110/155.
Some varieties of tea in the leaf sales also witnessed heavy withdrawals and the quantity on offer in Orthodox grades was 2,31,000 kg. The quantity sold was only 64 per cent and the market for select Best Nilgiri Whole Leaf and Bolder Brokens was firm to dearer. Others were irregular and lower and witnessed some withdrawals.
The quantity on offer in CTC leaf grades was 76,000 kg. The market was irregular and lower and witnessed heavy withdrawals. The upcountry demand was fair, while it was subdued from exporters.
In the dust category, Injipara (Prm) SRD/RD quoted the best prices of ₹159 followed by Monica SFD at ₹156. In the leaf varieties, Pascoe’s Woodlands Hyson Green Tea fetched the best prices of ₹303 followed by Sutton GFOP at ₹271.