Teas worth about Rs 5.50 crore remained unsold at Sale No: 25 of Coonoor Tea Trade Association auctions as there were no takers for about 31 per cent of the year’s highest offer of 20.03 lakh kg despite shedding prices by Rs 5 a kg.

Hittakkal Estate topped the CTC market at Rs 139 a kg. Vigneshwar Estate got Rs 136, Blue Monte speciality Rs 130, Waver Tree Rs 128. Homedale Rs 127, Deepika Supreme and Professor Rs 126 each and Darmona Estate and Kannavarai Estate Rs 125 each. In all, 108 marks got Rs 100 and more.

Among orthodox teas from the corporate sector, Chamraj got Rs 210, Curzon Rs 200, Corsley Rs 162, Havukal, Highfield Estate and Kairbetta Rs 161 each. In all, 25 marks got Rs 100 and more.

“Orthodox leaf market eased Rs 5-10 a kg. High-priced CTC leaf lost as much as Rs 10-15 and better mediums Rs 5-10 while substantial volume of plainers had to be withdrawn for want of bidders despite shedding up to Rs 7. Orthodox dusts eased Rs 5-10. High-priced CTC dusts eased Rs 5-10, better mediums Rs 3-7 and plainers up to Rs 10,” an auctioneer told Business Line.

The export transaction was weak with many exporters refraining from buying. Pakistan bought selectively for Rs 70-92 a kg and the CIS, Rs 70-90.

Quotations held by brokers indicated bids ranging Rs 63-67 a kg for plain leaf grades and Rs 115-135 for brighter liquoring sorts. They ranged Rs 64-70 for plain dusts and Rs 115-138 for brighter liquoring dusts.

(This article was published on June 24, 2012)
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