Nearly a quarter of the 9.72 lakh kg on offer was withdrawn for want of buyers even after shedding Rs 3 a kg. Teas worth Rs 1.79 crore remained unsold.

“In the leaf market, CTC lost Rs 2-4 a kg but orthodox gained Rs 1-2. In the dust market, orthodox gained Rs 1-5, but high-priced CTC eased sharply Rs 5-10 and others, Rs 1-3”, an auctioneer said.

CTC Grades

For the fifth consecutive week, Homedale Estate tea, auctioned by Global Tea Brokers, topped CTC market in Coonoor Tea Trade Association auctions fetching Rs 145 a kg at Sale No: 9. “Our Pekoe Dust (PD) fetched this price. In all, our 9 grades got Rs 111 and more”, Homedale Managing Partner, Mr Prashant Menon, told Business Line .

Vigneshwar Estate topped leaf market at Rs 141. “Our Broken Orange Pekoe (BOP) got this price. In all, our six grades got Rs 126 and more”, Vigneshwar Managing Partner, Mr Ramesh Bhojarajan, said.

Blue Monte Estate special got Rs 136, Hittakkal Estate and Shanthi Supreme Rs 135 each, Sree Tea Supreme Rs 133, Darmona Estate Rs 131 and Kannavarai Estate Rs 130. In all, 90 marks fetched Rs 100 and more.

Among orthodox teas from corporate sector, Curzon got Rs 185, Chamraj Rs 179, Highfield Estate Rs 171, Kairbetta Rs 167, Havukal Rs 163, Tiger Hill clonal Rs 162, Glendale and Prammas Estate Rs 160 each. In all, 33 marks got Rs 100 and more.

exports

Export purchases were the weakest so far in 2011. Pakistan bought very selectively in a wide range of Rs 50-80 a kg. “We are facing payment problems”, an exporter said.

Quotations held by brokers indicated bids ranging Rs 44-56 a kg for plain leaf grades and Rs 85-130 for brighter liquoring sorts. They ranged Rs 51-60 for plain dusts and Rs 85-135 for brighter liquoring dusts.

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