Agri Business

Assam unrest exerts demand pressure at Coonoor tea auction

P.S. Sundar Coonoor | Updated on August 26, 2012

Tea leaves

Assam unrest continued to exert demand pressure from upcountry buyers at Coonoor Tea Trade Association auctions resulting in about 92.5 per cent of the 13 lakh kg offered in Sale No: 34 being sold with average prices raising Rs 2 a kg over the previous week.

Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market at Rs 161 a kg. Vigneshwar Estate got Rs 142, Shanthi Supreme Rs 140, Hittakkal Estate Rs 139, Blue Monte speciality Rs 137, Deepika Supreme Rs 136 and Ambukal Estate Rs 135. In all, 136 marks got Rs 100 and more.

Among orthodox teas from corporate sector, Highfield Estate got Rs 207, Chamraj Rs 200, Corsley Rs 180, Kairbetta Rs 173 and Havukal Rs 170. In all, 29 marks got Rs 100 and more.

“Quality orthodox brokens were dearer by Rs 5-10 a kg. CTC leaf market gained Rs 2-3. Orthodox dust grades got Rs 2-3 more. CTC dust market was dearer up to Rs 3,” an auctioneer said.

On the export front, Pakistan bought in a wide range (Rs 66-96 a kg) and the CIS (Rs 67-87). There was some purchase for European ports at Rs 71-97.

Quotations held by brokers indicated bids ranging Rs 65-67 a kg for plain leaf grades and Rs 100-135 for brighter liquoring sorts. They ranged Rs 75-80 for plain dusts and Rs 100-140 for brighter liquoring dusts.

Published on August 26, 2012

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