Agri Business

Tea prices drop at Coonoor auction despite lower volume

P. S. Sundar Coonoor | Updated on November 20, 2017

Tea prices fell by Rs 5 a kg compared with the previous sale at the Coonoor Tea Trade Association auctions with 87 per cent of the year’s lowest volume of 8.17 lakh kg going under the hammer.

Homedale factory’s teas, auctioned by Global Tea Brokers, topped in both the CTC leaf and dust auctions when Belmount Tea and Produce Co., bought them for Rs 180 a kg.

In all, 112 marks got Rs 125 and more a kg.

Among orthodox teas, Chamraj got Rs 260 a kg. In all, 29 marks got Rs 125 and more.

Quotations held by brokers indicated bids ranging Rs 85-89 a kg for plain leaf grades and Rs 125-160 for brighter liquoring sorts.

They ranged Rs 99-101 for plain dusts and Rs 130-165 for brighter liquoring dusts.

Published on March 31, 2013

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