Kochi tea loses steam on heavy withdrawals

Prices of almost all tea varieties declined at the Kochi auction. In sale no 20, the quantity on offer in CTC dust grades was 11,10,000 kg.

With a fair demand, the market opened at ₹3-5 lower. As the sale progressed, the decline in price was to the tune of ₹5-10 and sometimes more.

Medium and plainer teas witnessed heavy withdrawals due to low or lack of bids.

According to the auctioneers Forbes, Ewart & Figgis, the arrival in orthodox dust category was low compared to last week with only 6,500 kg on offer.

The market for primary grades remained steady while others were irregular and lower.

A small quantity of orthodox dust sold was absorbed by exporters.

In the best CTC dusts, PD grades quoted ₹97/114, RD varieties fetched ₹105/125, SRD ruled at ₹118/151 and SFD stood at ₹120/152. The leaf category also witnessed a declining trend in prices and the quantity on offer in orthodox grades was 1,31,000 kg. The market for select best Nilgiri Brokens,

Whole Leaf and Fannings barely remained steady. Clean, black, well-made medium bolder brokens, whole leaf, tippy grades were steady to firm. There was a subdued demand from exporters.

The quantity on offer in CTC leaf was 80,500 kg. The market for good and medium barely remained steady and tended to ease.

Plainer varieties were lower and witnessed heavy withdrawals due to low or lack of bid.

In the dust category, Injipara (Prm) SFD quoted the best prices of ₹163 followed by Injipara (Prm) RD at ₹155.

In leaf varieties, Chamraj Green FOP (s) fetched the best prices of ₹310 followed by Pascoes Woodlands Hyson Green Tea at ₹280.

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