Agri Business

90% teas sold at Coonoor auctions

PS SUNDAR Coonoor | Updated on January 09, 2018

COIMBATORE, 14/06/2008: The tea garden at Adderley Estate about 12 kilometres from Coonoor, owned by Glendale Estates. Photo: K. Ananthan 14/06/2008

About 90 per cent of the offer at Sale No: 51 of Coonoor Tea Trade Association (CTTA) was sold out because of increased winter demand from upcountry buyers and select exporters.

Homedale Estate created a new price record when its Broken Pekoe, auctioned by Global Tea Brokers, was bought by Belmount Tea and Produce Co. for ₹282 a kg. This was the highest price fetched by any CTC tea, leaf or dust, by any factory in this sale.

Darmona Estate leaf tea, auctioned by J Thomas and Co., followed at ₹271.

In the CTC Dust auction, Homedale Estate tea, auctioned by Global tea Brokers, topped at ₹261.

In the orthodox market, Chamraj topped at ₹300 a kg. This was also the highest price of all the teas sold in this auction.

In the orthodox Dust tea auction, Kodanad topped at ₹256. Kairbetta and Prammas followed at ₹241 and ₹204. All others got less than ₹200/kg.

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Published on December 25, 2017
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