Nearly 21 per cent of the four-week low offer of 10.70 lakh kg remained unsold at Sale No: 9 of Coonoor Tea Trade Association auctions for want of adequate demand despite shedding prices up to Rs 3 a kg.

Homedale Tea Factory created a new record. “Our Pekoe Dust and our Red Dust, auctioned Global Tea Brokers, topped CTC market when Paras Tea Co bought them for Rs 169 and Rs 165 a kg respectively. These created record as they were the highest prices ever fetched by our factory since its inception 61 years ago,” its Homedale Managing Partner, Mr Prashant Menon, told Business Line .

Vigneshwar Estate got Rs 149, Darmona Estate and Hittakkal Estate Rs 143 each, Blue Mont Speciality Rs 142, Shanthi Supreme and Kannavarai Estate Rs 140 each. In all, 98 marks got Rs 100 and more.

Among orthodox teas from corporate sector, Curzon got Rs 226, Chamraj got Rs 200, Havukal Rs 179, Kodanad Rs 171, Kairbetta and Highfield Estate Rs 165 each. In all, 38 marks got Rs 100 and more.

“Market was down Rs 5-10 a kg for whole leaf orthodox and irregular for other orthodox grades. High-priced CTC leaf grades eased Rs 2-5 and others, Rs 2-3. Primary orthodox dusts gained Rs 2-5. CTC dust market was irregular with prices oscillating up and down Rs 2-4,” an auctioneer said.

On the export front, Pakistan bought selectively for Rs 54-63 a kg and the CIS Rs 58-67.

Quotations held by brokers indicated bids ranging Rs 50-55 a kg for plain leaf grades and Rs 85-145 for brighter liquoring sorts. They ranged Rs 55-58 for plain dusts and Rs 85-143 for brighter liquoring dusts.

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