Agri Business

30% Coonoor tea unsold

P.S. Sundar Coonoor | Updated on September 25, 2012

Teas worth about Rs 3.30 crore remained unsold at Sale No: 38 of Coonoor Tea Trade Association auctions as there were no takers for about 30 per cent of the 12.48 lakh on offer despite shedding prices by Rs 3 a kg.

Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market at Rs 156 a kg. Vigneshwar Estate got Rs 145, Blue Mont speciality Rs 142, Hittakkal Estate and Shanthi supreme Rs 137 each. In all, 86 marks got Rs 100 and more.

Among orthodox teas from corporate sector, Chamraj got Rs 200, Havukal, Kairbetta and Kodanad Rs 166 each and Glendale Rs 163. In all, 35 marks got Rs 100 and more.

“Orthodox leaf market oscillated up and down Rs 2-5 a kg. High-priced CTC leaf lost Rs 5-10, while some plainers could not be sold even after shedding up to Rs 5. Orthodox dust market eased up to Rs 3. High-priced CTC dusts oscillated up and down by Rs 4-5, mediums Rs 1-3 and some plainers could not be sold despite shedding Rs 5”, an auctioneer told Business Line.

Export demand was weak with only skeletal purchase for Pakistan for Rs 77-88 a kg, the CIS Rs 80-95 and some European ports for Rs 92-102.

Quotations held by brokers indicated bids ranging Rs 70-73 a kg for plain leaf grades and Rs 100-120 for brighter liquoring sorts.

They ranged Rs 78-82 for plain dusts and Rs 100-135 for brighter liquoring dusts.

Published on September 25, 2012

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