Kochi tea auctions: New Year brews cheer for traders

The New Year brought some cheer to traders at the Kochi tea auctions, which witnessed a surge in prices, in particular for leaf types, in the to start with sale.

Traders cited superior export enquiry and procurement for North Indian marketplace for lifting prices in sale one, obvious in the regular value realisation that went up to ₹158 for every kg from ₹149 in the prior week. Sales have been great with ninety four for every cent of the offered amount of 2,05,579 kg marketed.

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Traders reported the commencement of off period in North Indian marketplaces has pressured purchasers to start out procuring leaf from South Indian auctions and this would even more force up prices in the forthcoming trade. Exporters confined themselves largely to orthodox leaf when upcountry purchasers centered on CTC leaf.

Sturdy need for full leaf, brokens

The marketplace for Nilgiri full leaf appreciated by a for a longer period margin of ₹5 to ₹10. There was robust need for full leaf and brokens, which was dearer by ₹5 to ₹10, reported auctioneers Forbes, Ewart & Figgis.

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CTC leaf marketplace was also great with prices for brokens and fannings appreciating by ₹5 to ₹7. It also witnessed some withdrawals due to reduced bid or deficiency of bid. The amount offered was 79,five hundred kg with active participation of upcountry purchasers.

Having said that, CTC dust marketplace was continual to firm and from time to time dearer by ₹2 to ₹3. The amount offered was ten,75,823 kg. Higher-priced teas witnessed some resistance, which was irregular and reduce, subsequent quality. The regular value remained at the very same degree of ₹175 quoted past week.

There was enhanced need from Kerala loose tea traders and upcountry purchasers.

For orthodox dust, exporters have been the major stakeholders. The complete amount offered was 16,five hundred kg. The marketplace for major teas remained continual, when other individuals have been irregular and reduce.