Agri Business

Coonoor tea auction volume at 10-week high

P.S. Sundar Coonoor | Updated on October 10, 2012 Published on October 10, 2012

A volume of 14.28 lakh kg has been catalogued for Sale No: 41 of Coonoor Tea Trade Association auctions to be held on Thursday and Friday, says an analysis of brokers’ listing.

This is the highest offer in 10 weeks. It is as much as 1.25 lakh kg more than last week’s offer and about 46,000 kg more than the offer this time last year.

Of the 14.28 lakh kg on offer, 10.99 lakh kg belongs to the leaf grades and 3.29 lakh kg to the dust grades.

As much as 13.58 lakh kg belongs to CTC variety and only 0.70 lakh kg, orthodox variety. The proportion of orthodox teas continues to be low in both the leaf and dust grades.

In the leaf counter, only 0.45 lakh kg belongs to orthodox while 10.54 lakh kg, CTC. Among the dusts, only 0.25 lakh kg belongs to orthodox while 3.04 lakh kg, CTC.

Fresh teas accounts for 11.66 lakh kg. As much as 2.62 lakh kg comprises teas which had remained unsold in previous auctions.

Last week, in the leaf tea auction, Hindustan Unilever Ltd (HUL) bought good medium varieties. Tata Global Beverages Ltd was selective. Duncans Tea Ltd showed interest for medium brokens. Godfrey Philips India Ltd. did not operate.

In the dust tea auction, HUL and Tata Global bought good medium varieties. Godfrey Philips was selective. Duncans Tea did not operate.

Last week, 69 marks of CTC teas got Rs 100 and more. Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market when Mittal Tea Co bought it for Rs 156 a kg; Vigneshwar Estate Rs 138; Deepika Supreme Rs 135; Hittakkal Estate Rs 134 and Blue Monte Speciality Rs 133.

Among orthodox teas from corporate sector, Chamraj got Rs 236; Highfield Estate Rs 194; Kairbetta Rs 167; Corsley and Havukal Rs 162 each and Kodanad Rs 153. In all, 29 marks got Rs 100 and more.

Published on October 10, 2012
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