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Nearly 81 per cent of the three-week low volume of 13.32 lakh kg offered at Sale No: 42 of Coonoor Tea Trade Association auctions was sold with prices easing Rs 2 a kg.
“Medium and plainer CTC leaf grades suffered from low demand and could be sold only when prices were slashed up to Rs 3 a kg. Better liquoring sorts, however, managed to get Rs 2-4 more. Orthodox leaf market was irregular with prices fluctuating up and down Rs 1-2 over the previous week. High-priced CTC dusts eased Rs 2-5, better mediums Rs 2-4 and plainers could not be sold unless prices dropped up to Rs 4. Cleaner blacker bolder dusts had fair demand”, an auctioneer told Business Line .
Among CTC teas, Homedale Estate, auctioned by Global Tea Brokers, topped at Rs 146. Vigneshwar Estate got Rs 135, Shanthi Supreme Rs 129, Hittakkal Estate and Professor Rs 128 each and Sree Tea Supreme Rs 125. In all, 82 marks got Rs 100 and more.
Among orthodox teas from corporate sector, Chamraj got Rs 185, Curzon Rs 159, Quinshola clonal Rs 156, Kairbetta Rs 155 and Havukal Rs 154. In all, 33 marks got Rs 100 and more.
On the export front, Pakistan bought in wide range – Rs 51-101 a kg and the CIS Rs 53-98.
Quotations held by brokers indicated bids ranging Rs 45-54 a kg for plain leaf grades and Rs 80-123 for brighter liquoring sorts. They ranged Rs 46-52 for plain dusts and Rs 85-135 for brighter liquoring dusts.
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