Commodities

Production drop hit tea arrivals to Kochi auctions

Kochi | Updated on May 17, 2019 Published on May 17, 2019

In Cochin CTC dust quotation, good varieties fetched between Rs 123 and Rs 146. File photo

The average price realised in dust varieties was Rs 124.36/kg

Production drop in high ranges seems to have hit tea arrivals at Kochi auctions, with prices of good liquoring varieties, remained steady to firm.

In sale number 20, the quantity on offer in dust CTC was 7,96,978.50 kg, which was low compared to last week. Besides the support of blenders to good liquoring varieties, the market for other categories was irregular and sometimes lower following quality. There was a subdued demand from exporters.

According to traders, tea consumption was low in some parts of the State due to closing down of hotels in the morning hours due to Ramadan fasting and this has affected local sales of tea in some areas especially in the northern regions.

The average price realised in dust varieties was Rs 124.36/kg, a slight increase from the previous week and 87 per cent of the quantity on offer got sold.

The arrival was low in orthodox varieties and the quantity on offer was 7500 kg. Exporters and upcountry buyers absorbed a small quantity.

In Cochin CTC dust quotation, good varieties fetched between Rs 123 and Rs 146, mediums quoted Rs 100 to Rs 135 and plain grades stood at prices between Rs 90 and Rs 98.

In the leaf category, the market for Nilgiri brokens and whole leaf in orthodox grades remained steady to firm and sometimes dearer following quality. The quantity on offer was 1,65,690 kg.

In CTC leaf, the market for good liquoring brokens was firm to dearer. The quantity on offer was 46,000 kg.

Monica SFD and Manalaar SFD quoted the best prices of Rs 146/kg in dust grades, while Sutton GRFOP came to the top in leaf varieties quoting Rs 258.

Published on May 17, 2019
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