A subdued desire and selective buying by all sections of the trade has hit tea prices in Kochi, reporting a rate fall of ₹3-5 this 7 days.
Amid very low arrivals at seven,16,870 kg in sale 36, the sector in CTC dust was decrease by ₹2 to ₹4 and it discounted more by ₹5 to ₹10, witnessing heavy withdrawals with the progress of the sale. The quantity offered was only 71 for every cent. The average rate realization was down at ₹120 from ₹126 in the preceding 7 days. There was a subdued desire from upcountry prospective buyers and Supplyco, although exporters confined to bottom of the sector.
The sector for orthodox dust was also decrease with fourteen,000 kg was on supply. Of this, 28 for every cent was offered. Upcountry prospective buyers and exporters absorbed a little quantity, the auctioneers Forbes, Ewart & Figgis explained.
Nevertheless, energetic exporters participation particularly to CIS international locations and West Asia lifted leaf tea prices particularly Nilgiri total leaf and brokens which appreciated by more time margins of ₹5 to ₹10, following excellent. The quantity offered was 2,37,532 kg and 71 for every cent was offered. There was more range of exporters in the auctions when compared to previous 7 days.
But the desire was much less in CTC leaf with only 65 for every cent of the offered quantity of fifty five,000 kg was offered. The sector for brokens was decrease and witnessed good deal of withdrawal. Upcountry desire was also subdued in this particular wide range.