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About 91% tea sold at Coonoor

P.S. Sundar
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Plantation worker at a tea garden (file photo). — K.K. Mustafah
Plantation worker at a tea garden (file photo). — K.K. Mustafah

Assam unrest and Ramzan festival requirements exerted demand pressure from upcountry buyers at Sale No: 33 of Coonoor Tea Trade Association auctions resulting in about 91 per cent of the 10-week low offer of 12.91 lakh kg offered being sold with average prices raising Rs 2 a kg over the previous week. Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market, when Belmont Tea Produce Co bought its Broken Pekoe for Rs 170 a kg. Vigneshwar Estate got Rs 143, Ambukal Estate, Hittakkal Estate, and Shanthi Supreme Rs 140 each. In all, 108 marks got Rs 100 and more.

orthodox teas

Among orthodox teas from corporate sector, Havukal got Rs 173, Kairbetta Rs 172, Corsley Rs 164 Highfield Estate Rs 155 and Chamraj Rs 152. In all, 27 marks got Rs 100 and more.

“Whole-leaf orthodox grades were dearer by Rs 2-3 a kg. CTC leaf market gained Rs 2-3. Primary orthodox dust grades got Rs 2-4 more. CTC dust market was dearer up to Rs 4,” an auctioneer said.

On the export front, Pakistan bought in a wide range Rs 65-97 a kg and the CIS, Rs 68-97. There was some purchase for European ports at Rs 72-95. Quotations held by brokers indicated bids ranging Rs 65-67 a kg for plain leaf grades and Rs 100-130 for brighter liquoring sorts. They ranged Rs 74-78 for plain dusts and Rs 100-140 for brighter liquoring dusts.

(This article was published in the Business Line print edition dated August 20, 2012)
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