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Tea prices ease at Kochi auctions

Tea prices ease at Kochi auctions

February 09, 2019

 

The impact of frost in high ranges continues to hit Kochi auctions for the fourth consecutive week, witnessing low arrivals in almost all tea varieties. CTC dust market barely remained steady and tended to ease by Rs1 to Rs3 and sometimes more following quality. However, some popular marks were steady to firm and sometimes dearer. In sale no 6, the quantity on offer was 8,95,036 kg.

 

The average price realized was also low at Rs126.41/kg compared to Rs128.15 in the previous week, the auctioneers Forbes, Ewart & Figgis said. Leading blenders lent useful support to good liquoring varieties, while exporters were less active and confined to low priced teas. However, some popular marks were steady to firm and sometimes dearer. The market for orthodox varieties barely remained steady and the quantity on offer was 11,000 kg. Exporters continue to be the main stakeholders of the small quantity sold.

 

In Cochin CTC dust quotation, good varieties fetched Rs121-170, mediums quoted Rs99-128 and plain grades stood at Rs85-98. In the orthodox category, the market for good liquoring Nilgiri brokens, whole leaf and Fannings in orthodox varieties appreciated with longer margins of Rs5-10 and sometimes more. The quantity on offer was 2,12,162 kg. Exporters to CIS and other countries were active. In CTC leaf, the market for high-priced brokens and Fannings were lower by Rs3 to Rs4, while the drop was less for medium/plainer varieties and witnessed some withdrawals. The quantity on offer was 61,500 kg. Monica SFD quoted the best prices of Rs180 in dust grades, while Chamraj FOP came to the top in leaf varieties fetching Rs295.

 

Source:https://www.thehindubusinessline.com

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