The Hindu Business Line
Kochi tea prices gather steam on higher arrivals
Improved arrivals and active participation of blenders lifted prices of several tea varieties at the Kochi auctions.
The market was dearer by ₹3-5 a kg and sometimes more, especially good liquoring and popular marks.
Sale no 50 saw good demand with 90 per cent of the produce on offer sold. The quantity on offer in CTC dust was 11,30,000 kg, showing an increase over the previous week.
Upcountry buying was fair, while exporters operated on medium and plainer grainier varieties, the auctioneers, Forbes, Ewart & Figgis, said.
The market for orthodox dust was also firm to dearer and the quantity on offer was up by 16,000 kg. Exporters were the mainstay of the orthodox dust market.
In the Cochin CTC dust quotation, good varieties fetched ₹107-145, mediums quoted ₹99-118 and plain grades stood at ₹96-101.
In the leaf category, there was only a fair demand for Nilgiri brokens; whole leaf and Fannings tended to ease. The quantity on offer in orthodox grades was 174,000 kg.
However, CTC leaf appreciated by ₹2-3 and sometimes more. There was good demand and quantity on offer was 57,500 kg. Exporters and upcountry buyers absorbed the bulk of it.