Kochi Tea Auctions Surge on Middle East & CIS Demand

Prices at Kochi tea auctions have significantly increased, propelled by robust support from international buyers, especially those from the Middle East and CIS regions. The market for whole leaf and brokens tea has shown a marked improvement, with prices appreciating by Rs5 to Rs10 and sometimes more, attributed to the quality of the offerings.

Auctioneers reported that good and medium grades of whole leaf and brokens were firm to dearer, indicating a consistent upward trend. The offered quantity for orthodox leaf was 2,42,390 kg, with an impressive 92 percent sales registered. This strong performance is attributed to sustained buying interest and a favorable supply-demand balance.

Traders noted substantial purchases from Russian buyers, a common occurrence during this period. While the market in Iran has been subdued due to ongoing unrest, the overall outlook for orthodox teas remains positive. Experts predict that prices are likely to continue outperforming, with market sentiment expected to stay firm until the second week of February.

Meanwhile, the CTC dust market showed a fair trend, with high-priced and popular marks from Kerala remaining steady to easing. Good liquoring teas were firm and sometimes dearer, with blenders absorbing 68 percent of the offered quantity of 5,84,882 kg. Nominal export inquiries were observed at the lower end of the market.