Tea prices drop at Kochi auction due to subdued demand

V Sajeev Kumar October 27 | Updated on January 08, 2018

A subdued demand from major blenders weakened the prices of several tea varieties at Kochi auctions.

The market for good liquoring medium teas in CTC dust was steady to firm and sometimes dearer, while plainer teas followed a similar trend. In sale no 43, very high-priced teas opened with a barely steady market. However, it was irregular and lower towards the close of the sale and witnessed lot of withdrawals.

The quantity on offer in orthodox dust was 18,500 kg and the market barely remained steady and tended to ease. Exporters absorbed bulk of the sale.

In Cochin CTC dust quotation, good varieties fetched ₹105-160, medium grades quoted ₹81-120 and plain grades stood at ₹66-91.

In the leaf category, the market for select best Nilgiri brokens and whole leaf in orhtodox grades was barely steady and tended to ease. The quantity on offer was 2,57,000 kg.

The quantity on offer in CTC leaf was 44,500 kg and the market for brokens was lower, while Fannings sold at around last levels.

In dust varieties Monica SFD quoted the best prices of ₹161 followed by Murugan SFD at ₹158. Chamraj OP came to the top in leaf varieties quoting ₹286 followed by Sutton Pekoe at ₹256.

Published on October 27, 2017

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