Kochi tea sale witnessed a declining trend this week with the rates of several varieties of tea quoting lower.
In sale No. 40, the quantity on offer in dust CTC grade was 10,62,000 kg. The market opened at Rs 5-10 lower. The decline in prices was more and witnessed lot of withdrawals. However, the drop in prices was less in the case of plainer teas with clean black appearance.
Kerala loose tea traders and upcountry buyers lent fair support, while some export enquiry was noticed on grainier varieties.
The quantity on offer in
In the best CTC dust, PD grade quoted at Rs 107/122, RD varieties ruled at Rs 122/180, SRD fetched Rs 131/156 and SFD stood at Rs 139/165.
The leaf sale witnessed good demand and the quantity on offer in orthodox grade was 159,000 kg. Demand for Nilgiri brokens and whole leaf was steady to firm and sometimes dearer. Fannings from the same regions moved up in value following quality.
Clean black well made medium tippy grades and bolder brokens was firm to dearer. Others were irregular and lower. Whole leaf appreciated in value and fannings sold round last levels. Secondaries were irregular and lower.
CIS and traditional exporters were active, while fannings were absorbed by tea bag companies and upcountry buyers.
The quantity of offer in CTC grade was 68,000 kg and there was fair demand from exporters and upcountry buyers. However, the market was irregular and lower at Rs 3-5 and sometimes more.
In the dust category, Manjolai SFD fetched the best prices of Rs 166, followed by Mayura SFD and Waterfall SFD at Rs 165 each. In the leaf grade, Pascoes Woodlands Hyson Green tea quoted the best prices of Rs 301, followed by Chamraj OP-Delight (Green Tea) at Rs 300.