Agri Business

Chamraj Tea tops again at Coonoor auction

P. S. Sundar Coonoor | Updated on July 08, 2013

For the third consecutive week, Chamraj Estate topped Coonoor Tea Trade Association auctions with its prices also increasing week after week.

At Sale No: 27, its Orange Pekoe orthodox leaf grade fetched Rs 265 a kg against Rs 256 last week and Rs 220 a fortnight ago.

“This consistent high price is a reflection of Chamraj’s high-grown orthodox tea matching the quality expectations of importers arising from 90 years of service to the global tea trade. Chamraj tea conforms to fair-trade, ethical partnership and Rain Forest Alliance norms besides ISO certification,” D. Hegde, a member of Tea Board’s Tea Council of South India monitoring exports, told Business Line.

Among other orthodox teas, Highfield Estate got Rs 185, Havukal Rs 178 and Kairbetta Rs 177. In all, 36 marks got Rs 125 and more per kg.

Crosshill Estate topped the CTC market. “Our Pekoe Dust topped at Rs 177. Five of our premium grades fetched Rs 158 and more,” said Crosshill’s Operations Head, Dinesh Raju.

Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC leaf market at Rs 166. Vigneshwar Estate got Rs 170, Hittakkal Estate Rs 165 and Shanthi Supreme Rs 162. In all, 53 marks got Rs 125 and more per kg.

Quotations held by brokers indicated bids ranging from Rs 70 to Rs 75 a kg for plain leaf grades and Rs 115-150 for brighter liquoring sorts. They ranged from Rs 75 to 82 for plain dusts and Rs 120-160 for brighter liquoring dusts.

Published on July 08, 2013

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