Decrease arrivals and a greater demand pushed up tea costs, particularly good liquoring varieties at Kochi auctions this week.
Unsold portions in CTC mud grades has come down, due to improved shopping for from Kerala free tea merchants and upcountry consumers. There was a good demand for medium teas, whereas it was sluggish for plainer teas in sale 28. Because the sale progressed, the choose finest liquoring teas and in style marks had been appreciated in worth. The amount supplied was 9,82,595 kg and the typical value realisation remained on the identical degree of ₹117 per kg.
The auctioneers Forbes, Ewart & Figgis stated that exporters demand was subdued and so they lined solely a nominal amount.
For orthodox teas, the market was decrease and witnessed a variety of withdrawals. The amount supplied was 23,000 kg and a small quantity was absorbed by exporters.
In orthodox leaf, the marketplace for choose finest Nilgiri brokens and the entire leaf was regular to agency and generally dearer. The amount supplied was 3,56,061 kg and 75 per cent of the supplied amount was offered. The typical value realisation was down at ₹150 in comparison with ₹158 per kg. The remainder was irregular and decrease following high quality.
In CTC leaf, the marketplace for good liquoring brokens and Fannings was regular to agency and infrequently dearer. The amount supplied was 70,500 kg and solely 51 per cent was offered. Upcountry consumers lent honest assist, whereas there was a subdued demand from exporters and Kerala consumers.