Chamraj Green Tea FOP (Flowery Orange Pekoe) has realised a record value of ₹527 per kg at the Cochin Tea auction this week.
In tea industry, quality and condition of the tea leaves with a long leaf and few tips is the measure of grading the tea quality. FOP Whole leaf grades is one of them. This process of grading is considered as the second grade in Assam, Dooars, and Bangladesh, but the same has been ranked first grade in China.
The FOP tea was produced by Chamraj Tea Estate, the subsidiary unit of United Nilgiri Tea Estate Company Ltd, and auctioned by Forbes Ewart & Figgis (P) Ltd and acquired by Blue Fox Agencies, Kottayam. This value could possibly be the very best value quoted for green tea this season. This is a good value, which reveals that buyers are keen to pay price for good high quality teas out there, traders mentioned.
Meanwhile the auction market continues to be cheerful following aggressive purchasing from Kerala State Civil Supplies Corporation and a few packaters who collectively absorbed 67 % of the 756.51 tonne provided in CTC dust sale 47.
However, a section of the merchants warned that sentiments out there in market are prone to be down within the coming weeks, within the wake of the move by the Corporation to procure tea by e-tender with out collaborating in the auctions. It cited the tender notice issued by the corporate in a leading regional each day.
According to merchants, Supplyco ( Kerala State Civil Supplies Corporation Limited) should hold back from such a move in view of the supply of tea in the auctions in addition to to encourage Kerala tea producers.
Traders additionally identified that revival of tea manufacturing in North India has dampened the demand throughout South India, hitting the costs in Kochi auctions as well particularly for bolder varieties.
The common price realization in CTC (Crush, tear, curl is a method of processing into small, hard pellets.) dust was slightly up quoting ₹199.66 per kg from ₹198.47. The marketplace for good liquoring and standard marks remained regular to agency and sometimes dearer. Low medium and plainer teas was irregular and sometimes decrease.
In orthodox leaf, exporters to CIS and different vacation spot lent helpful support. The amount provided was 2,32,187 kg. However, there was a slight drop in common price realization at ₹170.52 per kg from the earlier week of ₹173.43.