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Teas worth about Rs 4.90 crore remained unsold at Sale No: 24 of Coonoor Tea Trade Association auctions as there were no takers for about 32 per cent of the year's highest offer of 16.57 lakh kg despite shedding prices by Rs 4 a kg.
Homedale Estate tea auctioned by Global Tea Brokers, topped the CTC market at Rs 162 a kg. Vigneshwar Estate got Rs 150, Hittakkal Estate Rs 147, Blue Monte speciality and Waver Tree Rs 142 each, Shanthi Supreme and Deepika Supreme Rs 141 each and Darmona Estate Rs 140. In all, 169 marks got Rs 100 and more.
Among orthodox teas from the corporate sector, Chamraj got Rs 215, Curzon Rs 190, Havukal Rs 170 and Kairbetta Rs 164. In all, 32 marks got Rs 100 and more.
“Whole leaf orthodox eased Rs 5-10 a kg and the rest Rs 2-5. High-priced CTC leaf lost Rs 6-10 and better mediums Rs 3-7 while substantial volume of plainers had to be withdrawn for want of bidders despite shedding Rs 5-8. Orthodox dusts eased Rs 4-5. 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 65-95 a kg and the CIS, Rs 73-94.
Quotations held by brokers indicated bids ranging Rs 67-70 a kg for plain leaf grades and Rs 120-150 for brighter liquoring sorts. They ranged Rs 70-76 for plain dusts and Rs 120-150 for brighter liquoring dusts.
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