Both leaf and dust grades of the Orthodox variety saw an uptrend in prices at the Sale No: 47 of Coonoor Tea Trade Association auctions.

“Orthodox leaf market was dearer by Rs 2-4 a kg. High-priced CTC leaf gained Rs 4-5, better mediums Rs 1-2 and plainers up to Rs 5. Primary orthodox dusts gained up to as much as Rs 15. High-priced CTC dusts were dearer by Rs 2-3, mediums Rs 3-4 and plainers Re 1-2”, an auctioneer told Business Line.

Among orthodox teas from corporate sector, Highfield Estate got Rs 270, Chamraj Rs 200, Corsley Rs 185, Kairbetta Rs 184, Havukal Rs 175, Erinkadu and Kodanad Rs 166. In all, 40 marks got Rs 100 and more.

As much as 95 per cent of the 17-week high volume of 14.80 lakh kg offered were sold with prices gaining over Rs 3 a kg.

Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market at Rs 153 a kg.

Shanthi Supreme got Rs 147, Hittakkal Estate Rs 142, Vigneshwar Estate got Rs 141 and Singara Estate Rs 140. In all, 123 marks got Rs 100 and more.

On the export front, Pakistan bought for Rs 82-120 a kg, the CIS Rs 80-96 and for some European ports for Rs 87-96.

Quotations held by brokers indicated bids ranging Rs 81-85 a kg for plain leaf grades and Rs 100-135 for brighter liquoring sorts. They ranged Rs 84-87 for plain dusts and Rs 100-145 for brighter liquoring dusts.

(This article was published on November 27, 2012)
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