Lively participation of major packaters led to continued upward trend in tea rates at Kochi auctions. The sturdy demand witnessed in dust grades pushed up rates in sale 38 and the normal price tag realisation went up to ₹199 from ₹196 in the prior week. Ninety-4 per cent of the made available quantity of four,52,203 kg was marketed.
The current market for PD grade hardly remained steady and tended to relieve. RD, SRD, SFD grades appreciated by ₹3-five, specifically blakcer teas with excellent liquoring qualities. The hike in price tag was much less for browner teas, the auctioneers Forbes, Ewart & Figgis claimed. The demand from Kerala unfastened tea traders was subdued.
In orthodox dust, a hundred per cent of the made available quantity of 22,000 was marketed and the current market was firm to dearer. A modest quantity was absorbed by exporters.
Nevertheless, the rising price tag momentum could