Kochi Leaf Tea Auction make Tea prices Decline

Kochi leaf tea auction to 2,97,500 kg even as dust arrivals remained average at 11,54,000 kg. Prices declined across the board at the CTC dust auction but the quantum of decline was lower for good liquoring grades. AVT remained active on good liquoring CTC dust teas while Kerala State Civil Supplies Corporation and Vimal Tea lent fair amount of support.

There were enquiries from loose tea traders even as Hindustan Unilever and Tata Global remained selective. Exporters were active on bolder grades at lower levels. Upcountry buyers remained subdued. Primary grades were steady at the orthodox dust auction while other grades quoted lower with several withdrawals.

Good high-grown grades were barely steady while all other grades fell sharply at the orthodox leaf auction. As the price plummeted by over Rs 10-15 a kg, there ware heavy withdrawals across grades. Few medium grades quoted at last week's levels while others continued to quote lower. Exporters to CIS and other traditional destinations remained subdued and bought little quantities. HUL operated in medium and smaller broken and whole leaf grades. High priced teas quoted lower at the CTC leaf auction while medium grades remained barely steady. Exporters operated at lower levels while HUL was selective. Upcountry buyers lent fair amount of support.

Injipara Premium SRD quoted the top price at the dust auction at Rs 133 followed by Injipara RD at Rs 131, Injipara SFD at Rs126 and Pausparai SFD at Rs 116. At the leaf auction, Chamraj OP fetched the top price at Rs 198, followed by Chamraj FOP at Rs 190, Sutton OP at Rs 166 and Havukal BOPF at Rs 160.

Category: ctc leaf tea, kotchi leaf tea, Tea, tea auction, tea prices, tea traders