Unsold tea quantities rise at Kochi auction on subdued exports

A slowdown in exports has led to an increase in unsold quantities of tea, especially traditional varieties, at Kochi auctions, forcing shippers to stockpile the commodity in warehouses.

As tea warehouse space in Willingdon Island fills up, exporters are moving the commodity to Coimbatore, said an export-focused buyer. Business line. The increase in arrivals due to a good harvest in high ranges and the decline in export demand are the contributing factors to the rise in unsold quantities by about 38 percent of the total supply of 418,209 kg in sale 26.

Fair support from the CIS countries

but, Industry sources said geopolitical tensions are likely to affect Indian tea shipments this year From traditional markets such as Iran, Turkey, Russia, Iraq etc.

Auctioneers Forbes, Ewart and Figgis said that exporters to the CIS countries provided fair support, while buyers from West Asia were selective and content. The market for choosing the best Nilgiri brokerage and the whole paper was more stable, while the rest was erratic and less, and saw a lot of withdrawals.

In the CTC sheet, the quantity offered was 35,000 kg with a sales ratio of 72. The exporters operate at the bottom of the market.

In CTC dust good liquor tea and folk signs of Kerala were resolute and dearer by $2 to ₹ three due Supporting mixers which together accounted for 60 percent of the total quantity of 9,83,094 kg offered. Master mixers pull good varietals of black-looking wines. Average price realization increased by three rupees at 132 rupees as compared to 129 rupees in the previous week.

In orthodox dust, the prime grades were the most expensive and the percentage sold was 100 of the 6,000 kg offered.