Kochi tea auction continue to witness a declining trend last week with a correction following an increase in offerings.
In sale no 41, the quantity on offer in CTC dust category was 14,55,000 kg. The market opened at Rs 5-10 lower and the prices declined up to Rs 20 particularly as the sale progressed. It also witnessed heavy withdrawals.
However, the drop in prices was less for low medium and plainer varieties, according to auctioneers Forbes, Ewart and Figgis. There was better export enquiry compared to last week and it was confined to medium and plainer teas.
The quantity on offer in orthodox dust was 10,500 kg and the market sold around last levels. Exporters covered useful quantity under orthodox category also.
In the best CTC dust, PD grades quoted at Rs 102/118, RD varieties fetched Rs 118/150, SRD ruled at Rs 126/152 and SFD stood at Rs 130/160.
Leaf sale
Leaf sale also witnessed a declining trend and the quantity on offer in the orthodox grade was 172,500 kg. Select best Nilgiri sold around last level. Others were irregular, while medium tippy grades barely remained steady.
The quantity on offer in leaf category was 76,000 kg and the demand was fair. The market was lower by Rs 3-5 and sometimes more and witnessed heavy withdrawals.
In the dust category, Manjolai SFD fetched the best prices of Rs 169 followed by Sholayar SFD and Kallyar SFD at Rs 161 each. In the leaf varieties, Pascoes Woodlands Hyson Green Tea quoted the best prices of Rs 287 followed by Chamraj FOP-Sup (Green Tea) at Rs 272.