Commodities

Subdue demand brings tea prices down at Kochi auction

V Sajeev Kumar Kochi | Updated on January 10, 2018

A subdued demand from leading blenders brought down prices of several tea varieties at Kochi auctions. File Photo   -  BusinessLine

A subdued demand from leading blenders brought down prices of several tea varieties at Kochi auctions. However, the teas which came under the selection of major blenders were steady to firm and sometimes dearer.

In sale no 39, the quantity on offer in CTC dust was 11,92,500 kg. After a long span of time, the prices for the bottom of the market showed an improvement, the auctioneers Forbes, Ewart & Figgis said.

In the orthodox market, high-priced teas were lower, while others sold around last level. The quantity on offer was 22,000 kg. Exporters and upcountry buyers were the mainstay of the market.

In Cochin CTC dust quotation, good varieties fetched Rs 107-154, mediums stood Rs 82-123 and plain grades quoted Rs 56-77.

In the leaf category, the market for select best Nilgiri brokens, whole leaf and Fannings in orthodox grades was steady to firm and sometimes dearer, while others were irregular and lower. It also witnessed some withdrawals. Exporters to CIS countries and other destinations lent useful support. The quantity on offer was 3,38,043 kg

In CTC, the market for good liquoring brokens and Fannings was firm to dearer. The bottom of the market was higher. The quantity on offer was 58,383 kg

In dust varieties, both Murugan SFD/SRD and Puduthottam SFD quoted the best prices of Rs 156 each. In leaf, Chamraj FOP-S (Green Tea) came to the top quoting Rs 301.

Published on September 30, 2017

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