Tea prices dropped by nearly Rs 1.50 a kg at sale number 24 at the Coonoor Tea Trade Association auctions last week. About 90 per cent of the year’s second highest offer of 16.67 lakh kg was sold.

Crosshill Estate continued to top the CTC market. “Our Red Dust topped at Rs 166 a kg. In all, our five marks have got Rs 155 and more,” Crosshill Operations Head Dinesh Raju told Business Line.

This week, Homedale Estate tea, auctioned by Global Tea Brokers, also topped the CTC market at Rs 166 a kg. Hittakkal Estate got Rs 164 and Vigneshwar Estate Rs 162. In all, 66 CTC marks got Rs 125 and more.

Among orthodox teas, Havukal and Kairbetta got Rs 175 each, Corsely Rs 165, Prammas Rs 162 and Highfield Estate Rs 160. In all, 27 marks got Rs 125 and more.

“Whole-leaf orthodox was irregular at Rs 5-10 a kg while others lost Rs 2-3. Prices of better medium CTC leaf oscillated up and down Rs 2-4, while plainers gained Re 1-Rs 2. Primary orthodox dusts eased Rs 2-4 while others up to Rs 2. Better liquoring CTC dusts lost up to Rs 5 and mediums Re 1-Rs 2 but plainers gained up to Rs 2,” an auctioneer said.

Quotations held by brokers indicated bids ranging Rs 70-75 a kg for plain leaf grades and Rs 110-150 for brighter liquoring sorts. They ranged Rs 78-86 for plain dusts and Rs 120-160 for brighter liquoring dusts.

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