Tea prices continue downhill on subdued buying, ample supplies

Tea rates in Kochi — each dust and leaf versions — ongoing to rule reduce adhering to subdued need from exporters, upcountry and local prospective buyers.

Traders stated that need has begun dwindling which is evident from the minimal acquiring by end-buyers. Enough availability at the auctions irrespective of staying a minimal-arrival interval has also strike the rates.

However, the lively participation by blenders aided to keep the rates especially for good liquoring versions. They absorbed seventy five per cent of the bought quantity of eight.18 lakh kg in CTC dust grades in sale nine, traders extra.

The complete quantity offered was nine.ninety seven lakh kg, realising an regular rate of ₹165.ninety two per kg in opposition to ₹166.78 in the prior 7 days.

The auctioneers Forbes, Ewart & Figgis stated the CTC dust market remained scarcely continuous and was reduce by ₹2-five. It also witnessed some withdrawals. However, the decline in rates was significantly less for good liquoring medium and plainer powdery grades. Kerala loose tea traders and upcountry prospective buyers operated hand to mouth, although exporters confined to the base of the market, covering only a nominal quantity.

In orthodox dust, the market was reduce by ₹3-five and the quantity offered was seven,500 kg.

In leaf profits, exporters to CIS nations around the world and West Asia lent reasonable assistance especially for orthodox leaf. Traders stated that ninety two per cent of the offered quantity of one.79 lakh kg was bought. The regular rate realisation was down at ₹163 as opposed to ₹167 in the prior 7 days due to a subdued acquiring.

In CTC leaf, the market for all versions was reduce by ₹5-ten and witnessed large withdrawals. The quantity offered was 49,000 kg and only 47 per cent was bought.