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Despite subdued demand from blenders, prices of high-priced teas dropped by ₹1-2 at the Kochi tea auctions. The decline was sharper in some cases, as the sale progressed.
In Sale no, 2, the quantity on offer in CTC dust was 11,10,636 kg.
Kerala Loose Tea Traders and upcountry buyers lent fair support, while exporters operated at lower levels.
The average price realised was ₹124.85 per kg, said auctioneers Forbes, Ewart & Figgis.
Primary grades
The market for primary orthodox grades barely remained steady.
The quantity on offer was 10,000 kg.
In the Cochin CTC dust quotation, good varieties fetched ₹125-169, mediums were quoted at ₹96-127, while plain grades stood at ₹91-100.
In the leaf category, the market for Nilgiri brokens and whole leaf in orthodox grades was dearer with longer margins of ₹5-10 and sometimes more following quality.
The quantity on offer was 2,46,232 kg. Exporters to CIS countries were quite active.
In the CTC leaf category, the market for good liquoring brokens tended to ease.
The quantity on offer was 42,500 kg.
Monica SFD quoted the best price, ₹170, in dust varieties, while P’s Woodlands-Hyson Sup (Green Tea) rose to the top of the list in leaf grades, quoting ₹300.
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