Business Daily from THE HINDU group of publications Monday, Jun 04, 2007 ePaper |
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Agri-Biz & Commodities
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Tea Darmona tea fetches highest bid at Rs 104/kg P.S. Sundar
Coonoor June 3 For the third consecutive week, the Aravenu-based Darmona Estate stood in limelight at the auctions of the Coonoor Tea Trade Association (CTTA) when its RD grade of the CTC teas, auctioned by J. Thomas and Co, continued to fetch over Rs 100 a kg. The highest bid for the Darmona tea this week was Rs 104. This was the second highest price to be fetched by any CTC tea so far in 2007. The previous high was for Darmona's tea of last week at Rs 108. The week before that, the same type of teas fetched Rs 102.50. Darmona beat several brands of orthodox teas belying the general contention that the CTC teas fetch lower prices than the orthodox teas. Homedale Estate came a distant second at Rs 86, closely followed by Highfield Estate Special at Rs 84. Kannavarai is the only other bought-leaf factory to fetch Rs 80 a kg for the CTC teas. In the Rs 75-79 band, Shanthi Supreme, Professor, Green View and Warwick got Rs 77, Dhavala Rs 76 and Selva Ganapathy Rs 75.
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