Kochi tea auctions continue to witness a declining trend with prices of several varieties quoting lower. In sale no: 42, the quantity on offer in CTC dust category was 13,40,500 kg.

The demand was fair and the market opened at Rs 5-15 lower. As the sale progressed, the drop in price was more and witnessed 25 per cent withdrawals. The decline in prices was less for the teas which came under the selection of AVT and Tata Global.

There has been a subdued demand from exporters and upcountry buyers. Kerala Loose Tea Traders and regional blenders lent fair support.

Of the quantity of 12,000 kg on offer in orthodox grades, the market was lower by Rs 5 and witnessed heavy withdrawals. Exporters absorbed the small quantity of orthodox dust sold.

In the best CTC dusts, PD varieties quoted Rs 100/115, RD grades fetched Rs 110/140, SRD ruled at Rs 120/145 and SFD stood at Rs 120/152.

There was only a fair demand in the leaf and the quantity on offer in orthodox grades was 163,500 kg. The market for select best Nilgiri brokens and whole leaf was steady to firm. The quantity on offer in the CTC leaf grades was 87,500 kg. The market was lower with heavy withdrawals. In the dust category, Manjolai SFD quoted the best prices of Rs 158 . In the leaf grades, Pascoes Woodlands Hyson Green Tea fetched the best prices of Rs 276.

> sajeevkumar.v@thehindu.co.in

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