Tea rates – each dust and leaf versions — declined at Kochi auctions subsequent a seasonal correction in line with excellent and improved quantity made available at North Indian auction centres.
The minimized offtake has also found from specific sections of the trade. The impression of this has reflected in Kochi auction rates in sale 39. Having said that, the auction rates in this article are nevertheless substantially bigger in comparison to amounts from former several years, the auctioneers Forbes, Ewart & Figgis explained.
Also read: Tea rates go on to transfer up in Kochi auctions
The quantity made available in dust grades was five,54,505 kg with 88 for each cent was sold. The market was lessen by ₹5 to ₹15 and the drop in rates was a lot more for the plainer and browner teas. It also witnessed some withdrawals. The common selling price realisation was also down at