Agri Business

Strong demand continues for Coonoor tea

P. S. Sundar Coonoor | Updated on September 04, 2011


Strong business mood prevailed, for the third consecutive week, at Coonoor Tea Trade Association auctions which opened with sale no 35 after Ganesh Chathurthi holiday. About 87 per cent of the four-week high offer of 15.47 lakh kg was absorbed. Prices, however, did not show much improvement.

“Orthodox leaf gained Rs 2-3 a kg. High-priced CTC leaf and better mediums were irregular. Blacker, cleaner smaller plainer grades fetched Rs 2-3 more. Orthodox dusts lost up to Rs 15. High-priced CTC dusts eased Rs 2-4. Mediums gained Rs 2-3. Cleaner blacker sorts fetched up to Rs 3 more,” an auctioneer told Business Line.

Among CTC teas, Homedale Estate, auctioned by Global Tea Brokers, topped at Rs 138. In all, 67 marks got Rs 100 and more.

Among orthodox teas from corporate sector, Chamraj got Rs 200.

Among Green tea, Wood Bridge Estate, auctioned by Paramount Tea Marketing, got Rs 210.

On the export front, Pakistan bought strongly in wide range – Rs 45-74 a kg, the CIS Rs 41-65 and some European countries Rs 42-64.

Quotations held by brokers indicated bids ranging Rs 35-41 a kg for plain leaf grades and Rs 80-125 for brighter liquoring sorts. They ranged Rs 40-45 for plain dusts and Rs 85-138 for brighter liquoring dusts.

Published on September 04, 2011

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