After a spurt in the last few consecutive weeks, prices of several tea varieties have moved southwards at Kochi auctions amidst low arrivals.
In sale no 44, the quantity on offer in CTC dust was 8.13 lakh kg. The market for high priced teas was ₹5 to ₹10 lower and sometimes more except for select best and popular marks. However, the decline in prices was less for medium and plainer varieties, the auctioneers Forbes, Ewart & Figgis said.
Vendors continued to be active on good liquoring varieties, while there was a subdued demand from upcountry buyers.
In orthodox grades, the market for primary grades was dearer, but others were less. The quantity on offer was 13,000 kg. In Cochin CTC dust quotation, good varieties fetched ₹105-152, mediums at ₹81-119 and plain grades quoted ₹60-73.
In leaf grades, the quantity on offer in orthodox grades was 1,29,500 kg and the market for select best high-grown brokens, whole leaf and Fannings were steady to firm.
The demand was less in CTC grades and the market for brokens was lower by ₹3 to ₹5 and sometimes more, witnessing heavy withdrawals. The quantity on offer was 72,500 kg.
In dust grades, Monica SRD quoted the best prices of ₹153 followed by Mayura SRD at ₹147. In leaf varieties, Chamraj FOP-sup green tea fetched the best prices of ₹309 followed by Pascos Hyson Green tea at ₹280.