Walls were broken as tea buyers registered in all six auction centres – Coimbatore, Coonoor, Kochi, Kolkata, Guwahati and Siliguri - in the country were able to position their bid during the TGLIA Speciality tea auction held on Monday.

“This is the first time that the auction went beyond the confines of a particular auction centre. Thanks to the Board's electronic auction platform,” industry sources told Business Line .

Volumes

The volumes on offer stood at 40,743 kg in 118 lots, of which leaf grades accounted for 26,015 kg (82 lots) and the balance 14,728 kg (36 lots) were dust grades.

Coonoor leads

The auction centre at Coonoor saw the highest number of buyer participation at 43, followed by Coimbatore at 32 and Kochi 31.Upcountry centres saw a few buyers take part in the auction with Siliguri at 5, Kolkata – 4 and Guwahati at 3.

Over 85 per cent of the leaf grades were sold and the average price realised was Rs 140.48 per kg. Dust, however, was sold fully and the average price realised stood at Rs 117.68/kg

Highest price

Leaf tea from Welbeck Organic fetched the highest price. It was sold at Rs 360/kg and was purchased by JFK International, Coimbatore.

On the dust category, Vigneshwar Speciality Tea fetched Rs 290 a kg with Jay Kay Enterprises, Coonoor buying the same.

The convener of the Organising Committee of TGLIA: Southern Tea Competition Mr C Shreedharan said R J Tea Corporation, Coimbatore picked a maximum of 28 lots and emerged as the largest buyer followed by Bhansali & Co, Coimbatore picking 20 lots.

The sale was conducted jointly by the brokers under the aegis of Tea Auctioneers' Association of South India.

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