Comments
Active participation of blenders and export demand lifted prices of several tea varieties at Kochi auctions this week.
With a firm opening, the CTC dust market was dearer by ₹2-3 a kg in sale no 5. It also appreciated with longer margins of ₹5-7 and more especially towards the close. The quantity on offer was 7,31,500 kg.
Besides, clean black well made good liquoring grainier teas witnessed good export enquiry. However, there was a subdued demand from Kerala loose tea traders and upcountry buyers.
According to auctioneers Forbes, Ewart & Figgis, the orthodox market was also firm to dearer with exporters and upcountry buyers absorbing the quantity sold on the offer of 16,500 kg.
In Cochin CTC dust quotation, good varieties fetched ₹115-159, mediums realised ₹110-130 and plain grades quoted ₹104-114.
In leaf category, orthodox prices spurted with the market for Nilgiri brokens, whole leaf and Fanning was firm to dearer. Exporters and upcountry buyers continued to be the main stay of the market. The quantity on offer was 132,000 kg.
However, for CTC grades, the demand was only fair. The market for high priced brokens was irregular and lower by ₹5-10 and sometimes more. The quantity on offer was 65,500 kg.
In dust varieties, Kallyar SFD quoted the best prices of ₹159. Chamraj FOP-S (Green Tea) came to the top in leaf quoting ₹361/kg.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.