Prices firm up on good demand at Kochi tea auction

Good demand boosted prices of some varieties of tea at the Kochi tea auction. In sale no 18, the quantity on offer in the CTC dust grades was 10,05,500 kg.

With better demand, the market opened on a strong note. The popular marks and good liquoring teas were dearer by ₹3 to ₹5 and sometimes more.

As the sale progressed, the market witnessed some resistance with an irregular and sometimes easier trend. Medium and plainer varieties were irregular and lower, especially grainier varieties, according to the auctioneers Forbes, Ewart & Figgis Ltd.

There was subdued demand from exporters and they confined themselves to medium and plainer teas.

With only 7,000 kg on offer in the orthodox grades, the primary grades were unsold due to low bids, while secondaries sold at around last levels. A small quantity of orthodox dust was absorbed by upcountry buyers and exporters.

In the best CTC dusts, PD grades quoted ₹103/118, RD varieties fetched ₹111/127, SRD ruled at ₹124/156 and SFD stood at ₹131/157.

The leaf sale also witnessed a spurt in prices, with 1,08,500 kg on offer in the orthodox grades. The market for good liquoring Nilgiri smaller brokens and Fannings was firm to dearer, while whole leaf and bolder brokens was irregular and sometimes easier. It also witnessed some withdrawals.

Medium bolder brokens, tippy grades were firm to dearer. Whole leaf witnessed strong feature and appreciated with longer margins of ₹5 to ₹10, and sometimes more.

The quantity on offer in the CTC grades was 69,000 kg. The market for high-priced brokens witnessed a correction and prices declined. Smaller brokens and Fannings were firm to dearer following quality.

In the dust varieties, Injipara (prm) RD grades quoted the best prices of ₹162, followed by Waterfall SRD and Waterfall SFD at ₹158 each. In the leaf grades, Chamraj Green FOP (S) fetched the best prices of ₹296, followed by Pacoes Woodlands Hyson Green Tea at ₹286.

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