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P.S. Sundar

Coonoor, Oct 30

Prices of quality teas improved even as plainer teas were difficult to be sold at the post-Puja Sale No: 43 of the Coonoor Tea Trade Association (CTTA) here.

Demand was not evenly spread at higher levels to absorb the huge volume of 12.81 lakh kg on offer. This was the second largest volume so far in 2007.

“Primary orthodox dust grades got good prices and some sold above Rs 100 a kg. Better medium CTC leaf grades fetched more than Rs 4 a kg, while the dust grades were dearer by Rs 1-2 a kg. Broken orthodox leaf sorts got Rs 2 more. Powdery CTC dusts got Rs 3 more. But, whole leaf orthodox lost Rs 1-2. High priced CTC leaf lost Rs 2. Plainer sorts suffered withdrawals for want of bids”, an auctioneer told Business Line.

Among the corporate buyers, Hindustan Unilever Ltd bought better medium range.

On the export front, CIS shippers absorbed the bulk of the bolder grades. Quotations held by the brokers indicated bids ranging from Rs 30-33 a kg for the plain dust grades and Rs 60-77 for the brighter liquoring teas.

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