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Last week's strong business mood continued at sale no: 34 of Coonoor Tea Trade Association auctions with 83 per cent of 12.87 lakh kg on offer being absorbed. Strong export purchases helped average prices rise Rs 3 a kg over previous auction.
“Orthodox leaf gained Rs 2-3 a kg. High-priced CTC leaf and mediums got up to 3 more. Blacker, cleaner smaller plainer grades fetched Rs 1-3 more. Orthodox dusts sold up to Rs 10 more. High-priced CTC dusts were dearer by Rs 2-3 and mediums, Rs 1-3. Cleaner blacker sorts fetched up to Rs 4 more,” an auctioneer told Business Line on Monday.
Among CTC teas, Homedale Estate, auctioned by Global Tea Brokers, topped at Rs 140. Vigneshwar estate got Rs 138, Shanthi Supreme Rs 134, Hittakkal Estate and Sree Tea Supreme Rs 132 each and Darmona Estate Rs 130. In all, 62 marks got Rs 100 and more.
Among orthodox teas from corporate sector, Chamraj got Rs 183, Havukal Rs 157, Kairbetta Rs 156 and Curzon Rs 155. In all, 24 marks got Rs 100 and more.
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 40-73 a kg and the CIS Rs 40-50.
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.
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