Topic
kochi auctions
Commodities West Asia Tensions Dampen Export Buying of Tea at Kochi Auctions, Down ₹4/kg
Ongoing West Asia tensions have led tea exporters to adopt cautious procurement, resulting in subdued buying at Kochi auctions. Orthodox tea prices fell ₹4/kg week-over-week, while CTC teas remain supported by domestic demand. Exporters face doubled freight rates and port congestion.
Commodities West Asia demand drives orthodox tea prices higher at Kochi auctions
Kochi tea auctions saw orthodox tea prices rise by around ₹13 per kg as easing West Asia tensions revived export demand. Improved crop quality from recent rains and stable buying from Russia, Iran, Iraq, and other Middle Eastern countries drove the uptick.
Commodities West Asia Tensions Weigh on Orthodox Tea Prices at Kochi Auctions
Ongoing war-related uncertainty in West Asia has dented export demand for orthodox teas at the Kochi tea auctions, with prices falling ₹6 per kg. Auctioneers report buyer resistance in Sale No. 24 amid renewed US-Iran tensions, while exporters serving Gulf and CIS markets provide only limited support. The orthodox offering of 255,383 kg saw 85% sold at an average of ₹178.60/kg, down from ₹184.78 last week.