Agri Business

Coonoor tea prices ease

Coonoor | Updated on February 07, 2011 Published on February 06, 2011

Coonoor   -  BusinessLine

Homedale Estate tea, auctioned by Global Tea Brokers, topped Sale No: 5 of the auctions of Coonoor Tea Trade Association fetching Rs 146 a kg. “Our Broken Pekoe (BP) and Broken Orange Pekoe (BOP) grades got Rs 146 each. In all, our seven grades got Rs 120 and more,” Homedale Managing Partner, Mr Prashant Menon, told Business Line.

Darmona Estate and Vigneshwar Estate topped the CTC dust market at Rs 145. “Our Red Dust (RD) fetched this price. In all, our seven grades got Rs 107 and more,” Mr Dinesh Raju, Darmona Managing Partner, said. “Our Pekoe Dust (PD) got the highest price of Rs 145. In all, our five grades got Rs 132 and more”, Vigneshwar Managing Partner, Mr Ramesh Bhojarajan, said.

Sree Tea Supreme got Rs 139, Shanthi Supreme (Rs 137), Hittakkal Estate (Rs 135) and Deepika Supreme (Rs 133). In all, 89 marks fetched Rs 100 and more.

Among orthodox teas from corporate sector, Chamraj got Rs 180, Highfield Estate (Rs 175), Sutton (Rs 171), Curzon (Rs 163), Quinshola clonal (Rs 157), Kairbetta (Rs 156), Havukal and Prammas (Rs 155 each). In all, 28 marks got Rs 100 and more.

Although the volume of 8.99 lakh kg offered was among the lowest in over a year, 19.5 per cent was withdrawn for want of buyers despite shedding Rs 3 a kg resulting in teas worth Rs 1.75 crore remaining unsold.

“Orthodox dusts eased Rs 5-10 a kg. High-priced CTC dust lost Rs 2-5, better mediums Rs 1-2 and plainers Rs 2-3. Primary orthodox leaf, however, got Rs 5-10 more. High-priced CTC dusts gained Rs 2-5, but others lost Rs 2-3,” an auctioneer said.

Export purchases were weak. Pakistan bought selectively in a wide range of Rs 61-94 a kg and the CIS, Rs 48-63. Quotations held by brokers indicated bids ranging Rs 50-54 a kg for plain leaf grades and Rs 80-136 for brighter liquoring sorts. They ranged Rs 61-64 for plain dusts and Rs 90-146 for brighter liquoring dusts.

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Published on February 06, 2011
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