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Subdued demand from both Kerala and upcountry buyers impacted tea prices at Kochi auctions, facilitating blenders to operate in lower limit.
The market in sale no 37 opened with ₹3-5 a kg lower and the prices declined further by ₹5-10 and sometimes more. However, the decline was less for teas which came under the selection of AVT, the auctioneers Forbes, Ewart & Figgis said.
The quantity on offer in CTC dust was 6.54 lakh kg and the average price realised was ₹134.33. Exporters operated at lower level.
The quantity on offer in orthodox dust was low at 5,500 kg and exporters continued to be the major stakeholder.
In Cochin CTC dust quotation, good varieties fetched prices at ₹127-180, mediums ₹96-149 and plain grades stood at ₹90-102
In the leaf category, the market for select best Nilgiri brokens, whole leaf and Fannings in orthodox was firm and sometimes dearer. The quantity on offer was 1,45,844 kg and the average price realised was ₹142.50.
In CTC leaf, the market for good liquoring brokens and Fannings were dearer. The arrivals was low and the quantity on offer was 34,500 kg.
Monica SFD quoted the best prices of ₹180 in dust grades, while Chamraj FOP-Sup (Green Tea) came to the top in leaf category, quoting ₹341.
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