Agri Business

92% sold at speciality tea auctions

P.S. Sundar Coonoor | Updated on March 09, 2011

Speciality teas displayed at the Tea and Tourism festival in Ooty. (file photo): D Radhakrishnan   -  Business Line

Nearly 92 per cent of the teas offered for the speciality tea auctions for The Golden Leaf India Award teas was sold, says an analysis of the Market Report.

“This was the first time the speciality auction was conducted through e-auction in which, buyers from India's all auction centres participated simultaneously. Of the 40,958 kg offered, 37, 534 kg were sold. The average price fetched was Rs 140.47 a kg for leaf and Rs 117.60 for dust,” the Tea Board Executive Director Mr R Ambalavanan, told Business Line.

In the orthodox leaf market, Welbeck Organic Flowery Orange Pekoe (FOP) topped at Rs 360 a kg followed by Welbeck Organic Green FOP at Rs 350, Kodanaad Broken Orange Pekoe Fanning (BOPF) Rs 321, another similar grade Rs 300, and Sutton Rs 250.

In all, 60 marks got more than Rs 100 and 11 marks Rs 81-99. There were no takers for 12 marks at the asking price.

In the dust market, Vigneshwar Speciality, auctioned by Paramount Tea Marketing, topped at Rs 290.

“This was the only mark which fetched more than Rs 200 in the dust market. But in CTC fannings market, our BOPF topped when P S Tea Industries, Coonoor, bought it for Rs 201. Our Broken Pekoe (BP) got the highest price among all CTC leaf grades when Sri Sakthi Associates, Coimbatore, bought it for Rs 195,” Mr Vigneshwar Managing Partner Mr B Ramesh said.

Sree Lakshmi Estate speciality got Rs 196, Periavurrai Rs 160 and Waterfall Amrit Rs 150. In all, 29 marks got more than Rs 100 and eight, Rs 84-99. All teas were sold.

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Published on March 09, 2011
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