Nearly 85 per cent of three-week high volume of 10.60 lakh kg was sold at sale No: 12 of Coonoor Tea Trade Association auctions with prices easing Rs 2 a kg on inadequate demand at high bids.

Homedale Estate tea, auctioned by Global Tea Brokers, created a new record. “Our Pekoe Dust fetched the highest price among all CTC teas this week when Paras Tea Co bought it for Rs 172 a kg. This was the highest price fetched by any grade of our teas since manufacture started in our factory 60 years ago”, Homedale Managing Partner, Mr Prashant Menon, told Business Line .

Vigneshwar Estate got Rs 154, Hittakkal Estate Rs 145, Darmona Estate and Shanthi Supreme Rs 141 each, Kannavarai Estate and High Cliff Supreme Rs 138 each, Waver Tree and Garswood Estate Rs 135 each. In all, 101 marks got Rs 100 and more.

Among orthodox teas from corporate sector, Chamraj got Rs 220, Curzon Rs 210, Corsely Rs 176, Havukal and Kairbetta Rs 164 each and Kodanad Rs 156. In all, 36 marks got Rs 100 and more.

“Orthodox leaf market lost Rs 3-8 a kg. CTC leaf market was irregular. Orthodox dust market was irregular in Rs 2-5 range. CTC dust market eased up to Rs 3”, an auctioneer told Business Line.

On the export front, Pakistan bought selectively for Rs 54-69 a kg and the CIS Rs 55-70.

Quotations held by brokers indicated bids ranging Rs 50-55 a kg for plain leaf grades and Rs 85-154 for brighter liquoring sorts. They ranged Rs 55-58 for plain dusts and Rs 85-154 for brighter liquoring dusts.

comment COMMENT NOW