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The auctions of Coonoor Tea Trade Association for calendar 2015 have opened on a happy note with 88 per cent of 13.72 lakh kg on offer being absorbed and average prices rising by ₹3 a kg over the last sale of 2014.
Darmona Tea’s Red Dust fetched ₹216 a kg – the highest price among all CTC teas. Their Pekoe Dust fetched ₹210 a kg.
Homedale Tea factory’s tea, auctioned by Global Tea Brokers, created record by being the only other CTC tea which crossed the ₹200-a-kg mark – Red Dust fetched ₹ 215 and Pekoe Dust got ₹201. In all, 104 marks got ₹125 and more.
Chamraj topped orthodox market at ₹261 a kg, followed by Kairbetta ₹240, Havukal ₹237, Kodanad ₹222, Highfield Estate ₹210, Mailoor Estate Premium and Prammas ₹207 each and Corsley ₹200. In all, 44 marks got ₹125 and more per kg.
Quotations held by brokers indicated bids ranging ₹40-44 a kg for plain leaf grades and ₹90-160 for brighter liquoring sorts. They ranged ₹42-50 for plain dusts and ₹120-190 for brighter liquoring dusts.
“The opening auction posed promising outlook for 2015 with improvement in quality of winter tea and buyers showing keener interest to bid,” Ravichandran Broos, General Manager, Paramount Tea Marketing, said.
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