Tea prices continue downhill on subdued buying, ample supplies

Tea rates in Kochi — both dust and leaf kinds — continued to rule decreased following subdued demand from customers from exporters, upcountry and local potential buyers.

Traders mentioned that demand from customers has started out dwindling which is obvious from the very low acquiring by end-people. Ample availability at the auctions regardless of staying a very low-arrival time period has also strike the rates.

However, the lively participation by blenders helped to keep the rates particularly for superior liquoring kinds. They absorbed 75 per cent of the sold quantity of 8.18 lakh kg in CTC dust grades in sale nine, traders included.

The overall quantity offered was nine.97 lakh kg, realising an ordinary price tag of ₹165.92 per kg towards ₹166.78 in the earlier 7 days.

The auctioneers Forbes, Ewart & Figgis mentioned the CTC dust industry remained barely continuous and was decreased by ₹2-5. It also witnessed some withdrawals. However, the decline in rates was fewer for superior liquoring medium and plainer powdery grades. Kerala free tea traders and upcountry potential buyers operated hand to mouth, when exporters confined to the bottom of the industry, covering only a nominal quantity.

In orthodox dust, the industry was decreased by ₹3-5 and the quantity offered was seven,500 kg.

In leaf revenue, exporters to CIS nations around the world and West Asia lent truthful assist particularly for orthodox leaf. Traders mentioned that 92 per cent of the offered quantity of 1.79 lakh kg was sold. The ordinary price tag realisation was down at ₹163 as opposed to ₹167 in the earlier 7 days owing to a subdued acquiring.

In CTC leaf, the industry for all kinds was decreased by ₹5-ten and witnessed hefty withdrawals. The quantity offered was forty nine,000 kg and only forty seven per cent was sold.