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Unlike the previous two weeks when as much as 30 per cent remained unsold, this week at Sale No: 40 of Coonoor Tea Trade Association auctions, 86 per cent of the offer of 13.03 lakh kg was sold. Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market when Mittal Tea Co bought it for Rs 156 a kg. Among orthodox teas from corporate sector, Chamraj got Rs 236.
“Orthodox leaf market eased Rs 2-4 a kg. High-priced CTC leaf lost Rs 2-3, better mediums Rs 3-4 and plainers Rs 2-5. Orthodox dusts managed to gain Rs 2-3. CTC dusts eased up to Rs 3”, an auctioneer told Business Line. Export demand was weak for Pakistan for Rs 77-90 a kg, the CIS Rs 70-93 and Egypt Rs 79-88.
Quotations held by brokers indicated bids ranging Rs 69-72 a kg for plain leaf grades; Rs 95-120 for brighter liquoring sorts; Rs 76-80 for plain dusts and Rs 100-135 for brighter liquoring dusts.
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