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PS Sundar
Nearly 85 per cent of the offer at Sale 46 of the auctions of Coonoor Tea Trade Association was sold despite the average price rising to ₹79.39 a kg from ₹78.17 last week.
Homedale Tea Factory topped the entire auctions when its Red Dust grade, auctioned by Global Tea Brokers, was bought by Tanmay Tea Company for ₹276 a kg. This was higher than the price fetched by even the export-oriented orthodox teas from corporate sector.
No other CTC tea from any factory could enter the high-price bracket of ₹200 per kg. The highest price among orthodox teas was ₹256 fetched by Chamraj. Kairbetta got ₹241, Kodanad ₹231 and Glendale ₹214.
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