July 25, 2024


Make Every Business

Kerala planters worried over drop in Kochi tea sale price

Kerala planters are trying to find the help of the Point out government to tide about the disaster arising out of a decrease in tea selling prices at the Kochi auctions.

The Association of Planters of Kerala has urged the Pinarayi Vijayan government to issue necessary directions to Kerala co-operative Supplyco to increase its procurement from the Kochi tea auctions. Purchases designed by the Point out agency, 1 of the important buyers at the auctions, declined in the very last two months. If the government entity procures a lot more portions from the auctions, it will deliver a good desire and instantly, selling prices will increase, claimed Ajith BK, secretary, APK.

Govt help

The growers sense that the government should help the plantations by way of enhanced procurement of Kerala origin teas to help the sector which pays the highest wages to personnel, he claimed.

Ajith pointed out that the auction selling prices have declined about the very last two months. The regular cost realised at Kochi July two sale was ₹131/kg (sale 26) for dust grades and ₹156 for leaf kinds. The selling prices crash has resulted in extreme monetary disaster to the tea plantations. Growers apprehend that there is a concerted exertion by tea advertising organizations to suppress the selling prices in the domestic market, he claimed.

APK is also apprehensive about the exponential increase in tea imports that witnessed a 139 per cent rise vis-a-vis past calendar year. The planters’ body also demanded that the Centre should acquire necessary ways to management imports.

In the meantime, the regular cost realisation in sale 27 dropped ₹6 per kg to ₹118 with a subdued desire from upcountry buyers and loose tea traders. The quantity offered in CTC dust was ten,52,800 kg and 34 per cent was unsold. The trade witnessed large withdrawals due to small bid or absence of bid.

The market for leaf revenue was also reduced by ₹5 to ₹10, registering a drop in regular cost realisation at ₹158 against ₹166 in the past week.