The Hindu Business Line : Hittakkal tea posts record at Coonoor auctions

Hittakkal Estate Tea Factory has created record at the auctions of the Coonoor Tea Trade Association (CTTA) when its invoice of speciality PD grade teas fetched Rs 107 a kg. The tea auctioned by Global Tea Brokers was bought by Tea Services India P Ltd. This was the highest price fetched by any offer of PD grade at the Coonoor auctions so far in 2008. It was also the highest price fetched by Hittakkal Estate Tea Factory for any of its dust grade teas so far at Coonoor auctions. Homedale Estate and Greenview Estate got Rs 97, Green View Estate Rs 92, Vigneshwar Estate Rs 89, Darmona Estate Rs 86, Selva Ganapathy Rs 85, Kannavarai Rs 84, Ella Estate Rs 82, Shanthi Supreme Rs 81, Deepika Supreme and Professor Rs 80.

Among the orthodox teas from corporate sector, Chamraj got Rs 132 a kg, Prammas Rs 125, Havukal Rs 124, Curzon Rs 118, Tiger Hill, Quinshola, Kairbetta and Kodanaad Rs 116, Corsley Rs 111, Glendale and Mailoor Rs 105 and Sutton Rs 103. The market generally showed irregular behaviour. On the export front, CIS shippers were active on the bolder varieties. Exporters to Pakistan limited their purchases to clean blacker fannings. Egypt selected medium grades. The bottom line dropped to Rs 45 from Rs 46 last week. Quotations held by the brokers indicated bids ranging Rs 45-47 a kg for the plain leaf grades and Rs 60-82 for the brighter liquoring sorts.

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