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Tea prices continue downhill on subdued buying, ample supplies

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Tea charges in Kochi — equally dust and leaf varieties — continued to rule lower subsequent subdued need from exporters, upcountry and community consumers.

Traders said that need has begun dwindling which is obvious from the lower purchasing by end-consumers. Sufficient availability at the auctions irrespective of remaining a lower-arrival period of time has also strike the charges.

However, the active participation by blenders helped to keep the charges specially for very good liquoring varieties. They absorbed seventy five for each cent of the offered amount of eight.18 lakh kg in CTC dust grades in sale nine, traders additional.

The whole amount provided was nine.97 lakh kg, realising an ordinary selling price of ₹165.92 for each kg from ₹166.seventy eight in the past week.

The auctioneers Forbes, Ewart & Figgis said the CTC dust market place remained hardly regular and was lower by ₹2-five. It also witnessed some withdrawals. However, the decrease in charges was significantly less for very good liquoring medium and plainer powdery grades. Kerala loose tea traders and upcountry consumers operated hand to mouth, while exporters confined to the bottom of the market place, covering only a nominal amount.

In orthodox dust, the market place was lower by ₹3-five and the amount provided was seven,five hundred kg.

In leaf income, exporters to CIS nations around the world and West Asia lent truthful help specially for orthodox leaf. Traders said that 92 for each cent of the provided amount of 1.79 lakh kg was offered. The ordinary selling price realisation was down at ₹163 in comparison to ₹167 in the past week owing to a subdued acquiring.

In CTC leaf, the market place for all varieties was lower by ₹5-10 and witnessed hefty withdrawals. The amount provided was 49,000 kg and only 47 for each cent was offered.