Tea prices rule firm in Coimbatore auction

Tea prices continued their upward trend at the auction here last week with good support from the exporters and major blenders, according to trade sources.

Supported by the CIS exporters and major blenders, high-grown larger teas and well made brokens of orthodox leaf were at substanially dearer levels, while others placed at irregular and subjected to quality, they said.

Limited quantity of orthodox dust ruled firm to dearer by Re one to Rs two per kg and most of the teas were absorbed by the exporters and a few internal traders.

With good general demand, better liquoring CTC leafs, medium/plainer bolder grades were sold at previous levels, while medium brokens met with a steady to slightly easier market.

Smaller brokens and fanning, especially plainer sorts of CTC leafs, ruled firm to dearer, the sources said adding the exporters and major blenders operated marketably supported by internal traders.

CTC dust also met with fair demand. Good liquoring and high prices teas sold at firm to dearer levels. Medium liquoring opened firm and ruled firm to dearer. Plainer varieties with better appearance also ruled firm to dearer by Re one to Rs two, while others were irregular, they said.

However, some Pakistan type bolder dusts declined by a rupee in value, the sources added.

Of the 4.30 lakh kgs offered on sale dust alone accounted for 2.36 lakh kgs.
Courtesy: New Kerala