The Hindu Business Line : Coonoor tea prices decline

Coonoor, Sept. 9 Prices for brighter liquoring teas managed to rise in a market which generally declined by Rs 2-3 a kg with the demand being confined to quality offers at Sale No: 36 of the Coonoor Tea Trade Association held here on Friday.

Some 30 per cent of the 10.02 lakh kg on offer went unsold for want of acceptable bids.

“Whole leaf orthodox gained Rs 2-3 a kg over last week. But, brokens and fannings on the average lost Rs 2 a kg. Medium CTC leaf lost more than Rs 2. Most CTC dusts could be sold only when prices shed Rs 2-3. Some 30 per cent withdrawal of this category was seen. Likewise, choppy and powdery orthodox dusts suffered withdrawals,” an auctioneer told Business Line. Quotations held by the brokers indicated bids ranging from Rs 31-34 a kg for the plain dusts grades and from Rs 65-77 for the brighter liquoring grades. They ranged Rs 32-25 a kilo for the plain leaf grades and Rs 62-69 for the brighter liquoring grades.

Western Indian buyers were selective on quality invoices. Karnataka buyers were selective on orthodox grades.

Among the corporate buyers, Hindustan Unilever Ltd operated on good medium teas. JV Gokal and Girnar picked up whole leaf orthodox grades.

On the export front, Pakistan bought blacker cleaner grades for Rs 38-40 a kg. CIS shippers picked up medium and plainer bolder grades for Rs 35-40. Exporters to Egypt operated on medium and plainer CTC dusts for a wide range of Rs 33-42.

Among the CTC teas from bought leaf factories, Darmona estate continued to be in the Rs 100-plus category. This week, its RD teas fetched the highest price of Rs 107 a kg. Hittakkal Specialty got Rs 88, Homedale Estate Rs 84 and Vigneshwar Estate Rs 80.

Among the orthodox teas from corporate sector, Corsley got the highest price of Rs 117 a kg followed by Kairbetta Rs 115, Curzon Rs 114, Havukal Rs 107, Prammas Rs 105 and Kodanaad Rs 100.

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