Agri Business

81% of tea offerings sold at Coonoor sale

P. S. Sundar Coonoor | Updated on August 15, 2013

About 81 per cent of the 16.50 lakh kg offered for Sale No: 32 of Coonoor Tea Trade Association auctions was with average prices dropping by a rupee a kg.

Only two grades fetched over Rs 200 a kg.

Of them, Pekoe Dust of Homedale Estate, auctioned by Global Tea Brokers, topped CTC market when Jaykay Enterprises bought it for Rs 202.

The Orange Pekoe orthodox teas of Chamraj fetched Rs 252 and continued to top the auction for the eighth consecutive week.

Among other orthodox teas, Highfield Estate got Rs 192, Havukal and Kairbetta Rs 180 each, Kodanad Rs 178 and Corsley Rs 173.

In all, 33 marks got Rs 125 and more .

Among other CTC teas, Vigneshwar Estate got Rs 176, Crosshill Estate Rs 173, Shanthi Supreme Rs 169 and Hittakkal Estate Rs 168.

In all, 50 marks got Rs 125 and more .

Exporters to Pakistan paid Rs 67-103 a kg and to the CIS, Rs 67-86.

Quotations held by brokers indicated bids ranging Rs 63-68 a kg for plain leaf grades and Rs 115-150 for brighter liquoring sorts.

They ranged Rs 66-72 for plain dusts and Rs 120-160 for brighter liquoring dusts.

Published on August 15, 2013

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