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P.S. Sundar

Coonoor, June 29 Despite a huge offer of 13.82 lakh kgs – the highest for any single auction in more than two years – prices rose Rs 2 a kg on the average at Sale No: 26 of the auctions of Coonoor Tea Trade Association (CTTA) on Friday because demand was adequate to absorb the volume.

Pakistan continued to be the mainstay of the CTC leaf market. It paid up to Rs 73 a kg. Exporters said that Pakistan found it advantageous to buy here in the context of tight supplies and high prices at Kenya’s Mombassa auctions where it is used to pick up the bulk of its requirements. They competed for the blacker dust grades as well.

CIS purchased blacker smaller sorts paying Rs 50. Egypt bought cleaner, blacker and finer teas paying up to Rs 60. There was selective buying for Defence consumption. Internal buying was generally strong. Western Indian buyers operated actively on the bright liquoring teas. Hindustan Unilever Ltd lent useful support for the brighter liquoring and medium leaf teas. It did not operate in the dust sale.

“Whole leaf orthodox grades were dearer by Rs 3-4 a kg. Brokens and fannings got Rs 2 more. High-priced CTC teas were up by Rs 1-2. Primary orthodox dusts got Rs 3-5 more. Plainer CTC dusts received Rs 1-2 more,” an auctioneer told Business Line.

Darmona Estate posted a triple achievement. Its BOPF grade got Rs 110 a kg, the highest price for any CTC tea from bought-leaf sector at the auction. This was also the highest price for the CTC leaf grade from any bought-leaf factory so far in 2008. The previous high was also Rs 110, achieved by Darmona a fortnight ago. Darmona’s PD grade also got Rs 110. Its BOP leaf grade got Rs 100. Darmona was the only factory to remain in Rs 100 and plus category. Homedale Estate got Rs 97, Hittakkal Estate and Shanthi Supreme Rs 90 each, Professor Rs 87, Vigneshwar Estate, Ella Estate and Kannavarai Estate Rs 86 each, Highfield Estate Special, Aroma Estate and Green View Estate Rs 85 each, Deepika Supreme and Sree Tea Supreme Rs 84 each, UPASI Rs 83, Garswood Estate Rs 82, Selva Ganapathy Supreme Rs 80.

Among the orthodox teas from corporate sector, Chamraj got Rs 126, Glendale (Rs 114), Mailoor (Rs 113), Tiger Hill (Rs 108), Prammas (Rs 106), Corsley (Rs 105), Pascoe’s Woodlands, Craigmore, Kairbetta and Rs 104 each, Parkside (Rs 102), Quinshola and Kodanaad (Rs 100).

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