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Unmindful of the lorry strike, buyers exhibited strong business mood at sale no: 33 of Coonoor Tea Trade Association auctions resulting in around 82 per cent of the 19-week low offer of 12.38 lakh kg being absorbed.
Strong export purchases helped average prices rise Rs 3 a kg over previous auction.
“High-priced CTC leaf and mediums gained Rs 1-2 a kg but better mediums lost Rs 2-3. Orthodox leaf eased Rs 1-3. Primary orthodox dusts irregularly gained up to Rs 5.
Better medium CTC dusts gained Rs 2-3 while plainers up to Rs 5. Cleaner blacker sorts were favourites,” an auctioneer told Business Line .
Among CTC teas, Vigneshwar Estate auctioned by Paramount Tea Marketing, topped at Rs 141 a kg. Homedale Estate got Rs 139, Darmona Estate Rs 136, Shanthi Supreme Rs 133 and Blue Mont Speciality Rs 130.
In all, 62 marks got Rs 100 and more.
Among orthodox teas from corporate sector, Chamraj got Rs 191, Havukal and Kairbetta Rs 159 each and Curzon Rs 158. In all, 19 marks got Rs 100 and more.
Among Green tea, Wood Bridge Estate, auctioned by Paramount tea Marketing, got Rs 211.
exports
On the export front, Pakistan bought strongly in wide range – Rs 40-71 a kg and the CIS Rs 40-62.
Quotations held by brokers indicated bids ranging Rs 35-40 a kg for plain leaf grades and Rs 80-130 for brighter liquoring sorts.
They ranged Rs 40-45 for plain dusts and Rs 85-135 for brighter liquoring dusts.
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