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Tea prices witnessed a declining trend at the Kochi auctions in the wake of subdued demand, both from blenders and upcountry buyers.
The market for good liquoring teas barely remained steady and was sometimes dearer. As the sale progressed, prices were irregular and sometimes lower.
Medium and plainer, browner teas were lower and witnessed a lot of withdrawals, the auctioneers Forbes, Ewart & Figgis said.
In Sale No 32, the quantity on offer in CTC dust was 11,55,000 kg. Exporters operated with lower limits.
In orthodox dust, primary grades were barely steady and others were lower. The quantity on offer was 12,500 kg and exporters continued to be the mainstay.
In the Cochin CTC dust quotation, good varieties fetched prices between ₹107-155, mediums quoted ₹75-130 and plain grades realised ₹62-73.
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. The quantity on offer was 2,65,500 kg.
In CTC leaf, the market for liquoring teas was firm to dearer, while others were irregular and lower. The quantity on offer was 72,000 kg.
Monica SFD quoted the best prices in dust varieties at ₹156 followed by Murugan SFD at ₹153. In leaf, Chamraj FOP-S (Green Tea) came to the top quoting ₹331 followed by Chamraj OP at ₹295.
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