Commodities

Kochi tea auction sees price-decline continue

V Sajeev Kumar Kochi | Updated on January 16, 2018 Published on December 09, 2016

Kochi tea auctions continue to witness a declining price trend with select best varieties barely steady. However, the decline in prices was lower for plainer varieties.

In sale no 49, the quantity on offer in CTC dust was 10,53,000 kg, showing an increase compared to last week. Leading blenders were active on good liquoring varieties, while exporters operated with price limits.

According to auctioneers Forbes, Ewart & Figgis, there was only a fair demand in orthodox grades and the market tended to ease. Arrivals were also low compared to last week, at 9,500 kg. Exporters and upcountry buyers absorbed a small quantity.

In the leaf category, the quantity on offer in orthodox grades was 228,500 kg and the market for good liquoring Nilgiri brokens, whole-leaf was barely steady.

There was a fair demand from exporters to CIS countries, but subdued demand for other destinations.

In the CTC leaf segment, the quantity on offer was 54,500 kg. The market for brokens and Fannings was firm to dearer by ₹2-3 a kg.

In dust grades, Sholayar SFD quoted the best prices of ₹140 followed by Kallyar SFD at ₹139. Chamraj FOP-S (Green Tea) came rose to the top in leaf varieties, quoting ₹310 followed by P’s Woodlands Hyson (green tea) at ₹267.

Published on December 09, 2016
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