Continuing the last one month's trend of huge volume remaining unsold in Coonoor Tea Trade Association auctions, as much as 31 per cent of the 14.14 lakh kg on offer remained unsold at Sale No: 17.

Teas worth Rs 2.78 crore were withdrawn for want of buyers despite shedding Rs 3 a kg.

“High priced CTC leaf lost Rs 2-5 while better mediums and plainers suffered withdrawal despite shedding Rs 2-5. Orthodox leaf, however, managed to be steady. Orthodox dust eased Rs 2-3. Some CTC dusts, however, gained up to Rs 5, but there were withdrawal in many invoices”, an auctioneer told Business Line .

Homedale Estate tea, auctioned by Global Tea Brokers, and Vigneshwar Estate tea, auctioned by Paramount Tea Marketing, topped CTC market at Rs 144 a kg. Hittakkal Estate got Rs 135, Garswood Estate clonal and Shanthi Supreme Rs 127 each, Sree Tea Supreme Rs 124, Kannavarai Estate Rs 122 and Blue Monte Estate Rs 120. In all, 63 marks got Rs 100 and more.

Among orthodox teas from corporate sector, Chamraj got Rs 201, Havukal Rs 156, Glendale and Tiger Hill clonal Rs 155 each, Kairbetta and Prammas Rs 151 each. In all, 28 marks got Rs 100 and more.

Export purchases continued to be weak. Pakistan bought very selectively in a wide range, Rs 48-74 and the CIS, Rs 48-55 a kg.

Quotations held by brokers indicated bids ranging Rs 45-47 a kg for plain leaf grades and Rs 80-120 for brighter liquoring sorts. They ranged Rs 47-51 for plain dusts and Rs 85-135 for brighter liquoring dusts.

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