Subdued demand from loose tea traders hit prices at Kochi auctions

The restrictive operations of Kerala unfastened tea traders because of to lockdown and the increase in containment zones have impacted tea selling prices, specifically powdery grades, at Kochi auctions this week.

The rising scenario has resulted in a subdued demand from unfastened tea traders in Sale 31, witnessing a weak selling price for powdery grades in CTC dust varieties. There was a declining selling price development for higher-priced teas and it witnessed ton of withdrawals, the auctioneers Forbes, Ewart & Figgis said.

The quantity offered in dust grades was 6,90,525 kg and the total quantity sold was only 82 for each cent.

The common selling price realisation went up to ₹132 compared to ₹130 in the former week. Blenders ended up lively for grainier varieties, although upcountry prospective buyers lent truthful aid.

In orthodox dust, the sector was decreased with an offered quantity of 14,000 kg. Exporters and upcountry prospective

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