7 months ago

Overseas Demand Boosts Orthodox Tea Prices in Kochi

Overseas Demand Boosts Orthodox Tea Prices in Kochi
Overseas demand pushes up orthodox tea prices in Kochi auctions · thehindubusinessline.com

Tea prices in Kochi, India, have gone up because buyers from the Middle East and other countries are buying more.

This is especially true for whole leaf and broken tea leaves.

The auctioneers said that good quality teas are selling for more money.

Traders also mentioned that Russian buyers are buying a lot, but the market in Iran is not doing well because of problems there.

The chairman of the Tea Trade Association said that tea prices are likely to stay high until mid-February.

After that, there might be some changes before Ramadan and Lent.

Overall, tea prices have been going up because people are drinking more tea and there isn't as much tea available.

Specialty tea shops and cafes are also helping to increase demand.

Key facts

Sales Percentage
92%
Offered Quantity (Orthodox Leaf)
2,42,390 kg
Price Increase
Rs5 to Rs10
Key Buyers
Middle East and CIS countries
Market Sentiment
Firm or stable until mid-February
CTC Dust Market
Fair, steady to easing
CTC Offered Quantity
5,84,882 kg
CTC Sales Percentage
68%

Quotes

Anil George

Chairman of Tea Trade Association of Cochin

“The firm trend reflects a convergence of rising consumer demand, changing drinking habits, and tightening availability, which was clearly visible in the improved auction price benchmarks. The growing popularity of premium tea outlets, café-style tea concepts, and speciality offerings has supported steady off-take, translating into stronger demand at the auction level. At the same time, supply constraints and seasonal production patterns added firmness to the market.”
thehindubusinessline.com
“Orthodox teas are likely to continue out-performing, supported by supply-demand imbalance and sustained buying interest from Middle East markets. Tea Market sentiment is expected to remain firm or stable until the second week of February. Some corrections may be seen thereafter ahead of Ramadan and Lent.”
thehindubusinessline.com

Sources

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