For the second consecutive auction, a new price record has been set at the auctions of Coonoor Tea Trade Association (CTTA) when the Pekoe Dust grade of Homedale Tea Factory, auctioned by Global Tea Brokers (GTB), was bought by Shree Abirami Enterprises for ₹ 307 a kg in Sale 3.
Homedale and GTB beat their own record at last auction (Sale 2) that fetched ₹ 302.
Homedale’s Red Dust grade, auctioned by GTB, fetched ₹300 a kg. No other CTC tea entered the high-price bracket of ₹200 a kg in both Leaf and Dust auctions.
The highest price fetched by orthodox teas from corporate sector was ₹ 250 a kg by Kodanad.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.