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P.S. Sundar

Coonoor, April 21

Prices rose Rs 2 a kg on the average at Sale No: 16 of the auctions of the Coonoor Tea Trade Association (CTTA) here last week despite the volume of 11.31 lakh kg being 23-week high as the demand followed quality offer.

For the third consecutive week, Homedale Estate ruled in the Rs 100-plus bracket among the CTC teas from bought-leaf factories.

Its RD grade sold by Global Tea Brokers fetched Rs 106 a kg.

This was the highest price fetched by any CTC tea – leaf or dust – among the bought-leaf factories last week.

Darmona Estate was the only other brand in the Rs 100-plus category.

Its RD grade, sold by J. Thomas and Co fetched Rs 104 a kg. Greenview Estate got Rs 85, Kannavarai Rs 83, Kotagiri Estate, Hittakkal Estate, Ella Estate and Vigneshwar Estate got Rs 82, Professor and Highfield Estate Special Rs 81.

Among the orthodox teas from corporate sector, Mailoor got Rs 126 a kg, Chamraj, Tiger Hill and Colacumby Rs 110, Prammas Rs 104, Havukal Rs 102 and Kodanaad Rs 100.

“High-priced CTC dusts were dearer up to Rs 5 a kg. Medium and plainer teas gained a rupee. Finer orthodox dusts got Rs 2 a kg more. CTC leaf fetched Rs 1-2 more. Better mediums were dearer by a rupee. But, browner CTC leaf sorts suffered withdrawals. Whole leaf orthodox eased a rupee” an auctioneer told Business Line.

On the export front, Pakistan operated on the blacker sorts. Egypt selected plainer and medium CTC teas. CIS and Poland were seen scouting for bolder grades.

Quotations held by the brokers indicated bids ranging from Rs 45-47 a kg for the plain leaf grades and Rs 62-77 for the brighter liquoring sorts.

They ranged Rs 48-50 for the plain dust grades and Rs 62-80 for the brighter liquoring teas.

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