84% of tea sold at Coonoor auctions

About 84 per cent of the 19-week high volume of 14.93 lakh kg offered at Sale No: 49 of Coonoor Tea Trade Association auctions was sold.

Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market when Raj Traders bought it for Rs 159 a kg. Among orthodox teas from corporate sector, Highfield Estate fetched Rs 249.

“Orthodox leaf market was dearer by Rs 2-4 a kg. Mixed trend was seen for high-priced CTC leaf. Better mediums gained Rs 1-2 while plainers lost up to Rs 2. Primary orthodox dusts eased Rs 3-4. High-priced CTC dusts lost Rs 2-5, mediums Rs 1-2 and plainers up to Rs 2,” an auctioneer said.

Pakistan bought for Rs 84-103 and some European ports for Rs 88-98.

Quotations held by brokers indicated bids ranging Rs 82-84 a kg for plain leaf grades and Rs 105-135 for brighter liquoring sorts. They ranged Rs 82-86 for plain dusts and Rs 105-145 for brighter liquoring dusts.