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Downtrend in sales percentage witnessed in last fortnight continued in Sale No: 27 of Coonoor Tea Trade Association auctions when teas worth Rs 3.30 crore remained unsold as there were no takers for 33 per cent of the year's highest offer of 16.83 lakh kg despite shedding prices by Rs 3 a kg.
“Better liquoring CTC leaf lost Rs 1-3 and mediums and plainers Rs 3-4 with withdrawal. Orthodox leaf struggled to remain steady. Better liquoring CTC dusts eased Rs 2-3, mediums Rs 2-4 and plainers suffered withdrawal even after shedding up to Rs 4. Orthodox dusts lost Rs 2-4,” an auctioneer told Business Line .
Homedale Estate teas, auctioned by Global Tea Brokers, topped CTC market at Rs 148 a kg. Vigneshwar Estate got Rs 145, Deepika Supreme Rs 140, Shanthi Supreme Rs 137, Hittakkal Estate Rs 133 and Sree Tea Supreme Rs 132. In all, 89 marks got Rs 100 and more.
Among orthodox teas from corporate sector, Chamraj got Rs 191, Havukal Rs 154, Kairbetta Rs 153, Curzon and Quinshola clonal Rs 152 each. In all, 21 marks got Rs 100 and more.
Among green tea, Wood Bridge Estate's “Hyson” grade, auctioned by Paramount Tea Marketing, fetched Rs 210.
On the export front, Pakistan bought in wide range – Rs 40-70 a kg, the CIS Rs 43-65 and European markets Rs 43-58.
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