Subdued demand, selective buying hit CTC dust tea prices in Kochi

A subdued demand and selective shopping for by all sections of the trade has hit tea prices in Kochi, reporting a value fall of ₹3-five this 7 days.

Amid lower arrivals at seven,16,870 kg in sale 36, the market in CTC dust was lessen by ₹2 to ₹4 and it discounted more by ₹5 to ₹10, witnessing significant withdrawals with the progress of the sale. The quantity sold was only 71 for each cent. The typical value realization was down at ₹120 versus ₹126 in the past 7 days. There was a subdued demand from upcountry buyers and Supplyco, even though exporters confined to bottom of the market.

The market for orthodox dust was also lessen with fourteen,000 kg was on give. Of this, 28 for each cent was sold. Upcountry buyers and exporters absorbed a tiny quantity, the auctioneers Forbes, Ewart & Figgis said.

However, lively exporters participation primarily to CIS countries and West Asia lifted leaf tea prices primarily Nilgiri complete leaf and brokens which appreciated by lengthier margins of ₹5 to ₹10, next good quality. The quantity offered was 2,37,532 kg and 71 for each cent was sold. There was extra range of exporters in the auctions as opposed to past 7 days.

But the demand was fewer in CTC leaf with only 65 for each cent of the offered quantity of fifty five,000 kg was sold. The market for brokens was lessen and witnessed great deal of withdrawal. Upcountry demand was also subdued in this distinct wide variety.