CIS exporters lift leaf tea prices at Kochi auctions

Enhanced purchasing by exporters to CIS nations around the world has lifted orthodox leaf tea prices at Kochi auctions.

The current market for Nilgiri whole leaf and brokens has appreciated by a longer margin of ₹5 to ₹10 and occasionally more. The quantity presented in sale fourteen was one,80,907 kg and 62 for every cent of the quantity was sold. The average value realisation has also gone up at ₹132.77 for every kg from past week degree of ₹127.56. Other exporters and upcountry consumers also lent good support. There were also whole lot of withdrawals specifically browner kinds owing to lower bid or deficiency of bid, the auctioneers Forbes, Ewart & Figgis explained.

The CTC leaf auctions witnessed a good demand from customers with 76 for every cent of the presented quantity of 36,946 kg obtaining sold. The current market was bigger by ₹10 and occasionally more specifically medium and plainer teas. Blenders and upcountry consumers were really lively, whilst there was a subdued demand from customers from exporters who covered a negligible quantity.