Tea prices continue downhill on subdued buying, ample supplies

Tea costs in Kochi — each dust and leaf kinds — continued to rule reduced adhering to subdued desire from exporters, upcountry and local consumers.

Traders claimed that desire has started out dwindling which is evident from the very low acquiring by finish-consumers. Ample availability at the auctions even with becoming a very low-arrival period of time has also hit the costs.

However, the energetic participation by blenders served to keep the costs particularly for good liquoring kinds. They absorbed 75 for every cent of the offered amount of eight.18 lakh kg in CTC dust grades in sale nine, traders additional.

The overall amount available was nine.ninety seven lakh kg, realising an common selling price of ₹165.ninety two for every kg against ₹166.seventy eight in the past 7 days.

The auctioneers Forbes, Ewart & Figgis claimed the CTC dust sector remained barely continuous and was reduced by ₹2-five. It also witnessed some withdrawals. However, the decline in costs was less for good liquoring medium and plainer powdery grades. Kerala unfastened tea traders and upcountry consumers operated hand to mouth, whilst exporters confined to the base of the sector, covering only a nominal amount.

In orthodox dust, the sector was reduced by ₹3-five and the amount available was 7,five hundred kg.

In leaf sales, exporters to CIS international locations and West Asia lent fair assist particularly for orthodox leaf. Traders claimed that ninety two for every cent of the available amount of one.seventy nine lakh kg was offered. The common selling price realisation was down at ₹163 compared to ₹167 in the past 7 days owing to a subdued buying.

In CTC leaf, the sector for all kinds was reduced by ₹5-ten and witnessed large withdrawals. The amount available was forty nine,000 kg and only forty seven for every cent was offered.