Tea market lower than expected supply in auctions at southern stations: Coffee prices rise

Bhoo Bazar : Dilip Shah

India's tea market from Turkey and Syria hit by earthquake: Coffee production increases in Bastar

The tea market and industry in the country has seen a reversal of trends. According to the news received from Kochi in the state of Kerala in South India, as the weather is getting cold there, its adverse effect has been seen on the tea auctions in Coonoor. Due to the adverse weather conditions, tea auctions at Coonoor have witnessed a slowdown in the supply and supply of tea. Due to this, the prices of some varieties of CTC tea have also increased there, sources in the tea market said. Due to the winter season, tea plucking process has been affected in various tea growing areas there. And due to this, the factories have been seen working for barely 1 to 2 days in a week. Following this, there have recently been reports of tea auctions falling short of expectations. However, due to earthquake orders in Turkey and Syria, the demand in India's tea market has been affected.

Meanwhile, in the six auctions held recently, around 765,000 to 66,000 kg of tea was auctioned, out of which around 75 to 76 percent of the tea has been sold. This tea is known as leaf tea. Apart from this, in dust-tea, around 2 lakh 59 to 60 thousand kilos of tea were auctioned in this auction, out of which around 87 to 88 percent goods were sold. Blenders have shown special interest in this auction and have bought heavily from South India. Prices in tea auctions were also seen going higher overall. According to Global Tea Auctioneers, prices of good goods in leaf-CTC tea auctions increased by Rs.2 to Rs.3 per kg. Apart from this, there is news that the price of medium type of tea is around Rs.1 to Rs.2 plus per kg. However, in this auction, there were indications that some weak goods were sold at a lower price of Rs.2 to 3 per kg. Meanwhile, demand in primary whole leaf grades in leaf orthodox was good and prices of such goods fetched higher by Rs 4 to 5 per kg at the auction, tea market sources said. In dust orthodox, prices in primary orthodox dust grade were seen higher by Rs.2 to 3 per kg. However, there were indications that the prices of secondary and fine dust goods were also trading in Rs.1 to 2 minus. Meanwhile, tea-coffee prices have been seen rising recently as per reports from Bangalore, Karnataka. There has been news of increased inclination of growers towards consignment sale instead of outright sale in coffee beans. Considering the rising prices of raw coffee, there are indications that the coffee crop in the country may be less than expected and estimated. The price of Arabica type of raw coffee in the farm was Rs.13,000 to 13,500 per 50 kg in December, but now it has increased to Rs.14,750 to 15,000. In this way, the price of Arabica coffee has increased from Rs.6450 to Rs.7000 to Rs.7200 to Rs.7450. The price of robusta raw coffee was Rs.8000 to 8300 and now it is Rs.9800 to 10300. Robusta cherry prices increased from Rs.4300 to Rs.4550 to Rs.4600 to 4900. Two-thirds of the total coffee production in the country is produced in Karnataka alone. Sources in the coffee market said that after the coffee prices remained high in October last year, followed by a significant retreat in the prices till December, the prices have now seen a bounce back. Coffee growers are relieved as prices rise again. Experts are showing the possibility that the production of Arabica and Robusta coffee will be lower than expected.