A suppressed export need combined with lower arrivals dragged tea costs, particularly orthodox leaves, at Kochi auctions today.
The amount provided in sale 15 in orthodox was 1,89,080 kg. Just 83 percent of this amount was offered.
According to traders, the provided amounts were lower in the auctions due to negative effect of increasing temperature levels on production in growing areas.
Likewise checked out: Cotton seeds sales seen to increase in Kharif 2023
According to auctioneers Forbes and Ewart & & Figgis, the typical rate realisation was down by 5 at 157 compared to 162 in the previous week. Exporters to West Asian markets and other locations provided just a reasonable assistance, while there were less queries from CIS nations.
The amount provided in CTC leaf was 40,500 kg and the offered amount was 88 percent. The marketplace for damaged leaves hardly stayed consistent.
Suppressed dust need.
The dust sale likewise saw a suppressed need with the marketplace for great liquoring teas with black look were consistent to company and often dearer. The provided amount was 7,52,630 kg and the offered amount was just 85 percent. All mixers together taken in 60 percent of the overall amount offered.
Likewise checked out: Chana procurement gets, however costs continue to rule listed below MSP
The typical rate realisation was 139 compared to 140 in the previous week. Exporters ran at the bottom of the marketplace and covered a small amount.
Nevertheless, the orthodox dust market was firm to dearer with a 100 percent sale out of the 2500 kg provided.