Date:20/07/2007 URL: http://www.thehindubusinessline.com/2007/07/20/stories/2007072052041200.htm

Back Demand boosts tea prices at Kochi sale

Our Bureau

Kochi, July 19 Good demand bolstered tea prices at the Kochi tea auction where the offer was low.. Good CTC dust varieties were dearer by Rs 2-4 while liquoring CTC medium moved up by Rs 3-5. Bolder CTC varieties remained steady and poorer CTC witnessed less demand.

High grown orthodox varieties were easier while medium orthodox remained steady. Blenders lent useful support and domestic market players were also active. There was 10.46 lakh kg of dust tea on offer at the auction.

Best CTC varieties fetched Rs 60-73, medium CTC Rs 53-58 and below medium ranged between Rs 40-47. High grown BOPD were quoted at Rs 104-106, medium BOPD at Rs 43-45 and secondaries at Rs 30-35.

Leaf Sale

Prices of medium orthodox varieties remained steady, while medium fannings were dearer. High grown orthodox varieties remained irregular and lower fannings remained steady. Best CTC were moderately dearer while other CTCs remained steady.

Orthodox grades witnessed good demand from exporters. Some exporters were selective on high grown orthodox. CTCs were absorbed by interstate buyers.