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As much as 32 per cent of the 5.38 lakh kg of dust grades and 21 per cent of the 11.33 lakh kg of leaf grades remained unsold this week at the Coonoor Tea Trade Association auctions for want of buyers at the asking price.
Of the six brokers, in the leaf auction, one reported withdrawal of almost 39 per cent of the offer and in the dust auction, one could not sell almost half the offer.
Homedale Estate teas, auctioned by Global Tea Brokers, topped CTC market at Rs 149 a kg. Vigneshwar Estate got Rs 142, Hittakkal Estate Rs 133, Sree Tea Supreme Rs 132 and Shanthi Supreme Rs 130. In all, 62 marks got Rs 100 and more.
Among orthodox teas from the corporate sector, Chamraj got Rs 189, Havukal Rs 166, Kairbetta Rs 161, Curzon Rs 155, Quinshola Clonal Rs 146 and Corsely Rs 140. In all, 23 marks got Rs 100 and more.
Among green tea, Wood Bridge Estate's ‘Hyson' grade, auctioned by Paramount Tea Marketing, fetched Rs 210.
On the export front, Pakistan bought in wide range – Rs 38-68 a kg, the CIS – Rs 40-66 and European markets – Rs 44-58.
Quotations held by brokers indicated bids ranging Rs 38-40 a kg for plain leaf grades and Rs 80-130 for brighter liquoring sorts. They ranged Rs 39-45 for plain dusts and Rs 85-140 for brighter liquoring dusts.
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