A steady upcountry buying lift tea prices at Kochi auctions

A steady and active upcountry acquiring coupled with excellent export demand from customers has lifted tea prices – both equally dust and leaf kinds at Kochi auctions this week.

The dust industry in sale 35 was larger by ₹10-15 and appreciated even further as the sale progressed. Grainier kinds this sort of as PD, RD, SRD witnessed sturdy attribute, the auctioneers Forbes, Ewart & Figgis explained.

The quantity presented was three,94,318 kg and 99 for each cent was sold. The regular price realised was up by ₹177 for each kg as opposed to ₹165 in the earlier week.

The orthodox dust industry was also dearer by ₹3-five and a lot more and one hundred for each cent of the presented quantity of 14,000 kg had takers in the industry.

The leaf sale witnessed a sturdy demand from customers specially CTC with ninety eight for each cent of the presented quantity of ninety two,000 kg was sold. The industry was dearer by ₹3-five and in some cases a lot more across the board. Small medium and plainer teas witnessed sturdy attribute and surged a lot more.

In orthodox leaf, the industry for Nilgiri brokens and complete leaf was firm to dearer by ₹5-ten and in some cases a lot more. Fannings from the exact district witnessed sturdy attribute and appreciated by ₹10-15 and a lot more. Exporters to CIS countries and other locations ended up active, even though upcountry buyers lent honest help.

The quantity presented was two,63,052 kg and ninety five for each cent was sold. The regular price realised was also up at ₹186 for each kg as opposed to ₹181 in the earlier week.