The Hindu Business Line : Quality teas fetch higher prices at Coonoor

Quality teas fetched higher prices while the plainer sorts have lost at Sale No: 33 of the auctions of the Coonoor Tea Trade Association (CTTA) here with the buyers scouting for the quality teas among the low volume on offer. The total volume was only 9.98 lakh kg – the lowest of the last nine weeks.

Export demand

Improved export demand was witnessed this week. Exporters to Egypt actively bought smaller brokens and fannings. The buyers for Pakistan continued to select blacker types for around Rs 35 a kg. CIS shippers picked up medium grades for around Rs 36 a kg. There was some purchase for Poland as well. On the corporate buyer front, Hindustan Unilever Ltd supported good medium grades. Duncans operated actively in the better medium counters. JV Gokal selected whole leaf orthodox teas. IPL chose fannings grades.

“Most CTC dusts sold Rs 2-3 a kg more. Better medium CTC leaf grades got a rupee more. Primary orthodox dusts were dearer. Secondary sorts got Rs 2 a kg more. Plainer grades eased Rs 3 a kg”, an auctioneer told Business Line . Among the CTC teas from bought-leaf sector, Darmona Estate continued to remain in the Rs 100 plus category. The highest bid this week for it was Rs 102 a kg. Homedale Estate got Rs 90. Highfield Estate Special and Vigneshwar Estate got Rs 80.

Among the orthodox teas from corporate sector, Havukal got Rs 115 a kg, followed by Prammas at Rs 110. Curzon got Rs 108 and Corsley Rs 105.

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