CTC dust prices decline on higher offerings
Improved export demand lifted prices of certain orthodox tea varieties by around Rs.10 on average in the Kochi auctions.
Auctioneers Forbes, Ewart & Figgis said the market for Nilgiri whole leaf and brokens in sale 38 was firm and sometimes dearer by a longer margin of Rs.5-10. Good demand was noticed from all sections of the trade, including major packeteers and exporters. The offered quantity was 3,43,672 kg, with a sales percentage of 80.
However, in CTC dust, prices declined with the quantity on offer increasing to 10,96,500 kg, 79 per cent of which was sold. The market was irregular and lower by Rs.1-2, and witnessed withdrawals, especially for low, medium and plain browner teas. The blenders together absorbed 62 per cent of the total CTC quantity sold.
The Orthodox dust market was firm to dearer, with exporters absorbing a small quantity of the 3,500 kg on offer. The average price realisation was down by Rs.3 at Rs.132, compared to Rs.135 in the previous week.