For Kerala Page. Workers filling the tea leafs at a plantation near Kalpetta in Keral's Wayanad district. Measures implemented by the Central and State Governments to revive tea industry are paying off with the total production of tea in the country registering a growth of 11.5 per cent against the corresponding period of 2004 between January and july 2005,production in north india went up to 214.1 million kg from 191.6 million kg and from 88.9 million kg to 98.6 million kg in South India.Tea buyers Association have stressed the need to curb production of sub standard teas and for quality upgradation and also relief of tax exemption for tea export.Digital Photo By K_K_Mustafah.2/10/05 | Photo Credit: K_ K_ Mustafah
As the Afghanistan crisis caused a concern among the exporters, they were selective but North Indian buyers stepped up their purchase at sale 34 of the auctions of Coonoor Tea Trade Association.
“Although we are not directly buying tea for Afghanistan, there is a definite element of uncertainty in the safety of the global transit. We prefer only those destinations which are safe adopting a selective ‘wait-and-watch’ approach”, an exporter told BusinessLine .
Consequently, orthodox teas from corporate sector which are mostly exported suffered on volume and price sold fronts. No orthodox leaf grade could enter ₹200/kg level.
In the orthodox dust auction, Kodanad got ₹250, Nonsuch orthodox ₹213 and Kairbetta ₹212. All others fetched below ₹200/kg.
Upcountry buyers stepped up their intake resulting in 18.01 lakh kg being sold – the highest of the last three weeks – despite the average price rising to ₹92.99 per kg – the highest since July 16. Consequently, the overall earnings at the auctions rose by nearly ₹1 crore in just one week to reach ₹16.78 crore.
The CTC Pekoe Dust grade of Homedale Tea Estate, a bought leaf factory, auctioned by Global Tea Auctioneers Pvt Ltd., (GTAPL) topped the entire auctions when Shree Abirami Enterprises bought it for ₹287 a kg.
“We bought this for internal market, not exports. There has been a general increase in demand from internal traders since a few weeks now. Besides, the quality of this grade suits the palate of tea connoisseurs in India”, G Thiagarajan, Proprietor, of Shree Abirami Enterprises, said.
In the CTC Leaf auction, Crosshill Estate Premium, auctioned by GTAPL, topped at ₹226 a kg.
Among other CTC teas, Crosshill Estate Premium Red Dust got ₹236, Vigneshwar Estate ₹211, Pinewood Estate ₹207 and Hittakkal Estate ₹200.
Overall, nearly 90 per cent of the offer was sold.
Published on August 30, 2021
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