Onam Demand Lifts Tea Prices at Kochi Auctions

During the Onam festival, a government-owned company called Supplyco bought a lot of tea at an auction in Kochi.

This was because the government is giving food packages to poor families for Onam.

Because of Supplyco's large purchase, the price of good quality tea went up a little.

Other types of tea saw different price changes.

The market for some types of tea, like orthodox tea, stayed about the same.

Exporters were buying this type of tea.

Other tea types, like CTC leaf, had a fair amount of demand, with the prices changing based on the specific type of tea.