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Buoyancy prevailed at Sale No: 31 of the Coonoor Tea Trade Association auctions with about 93 per cent of the eight-week low offer of 14.47 lakh kg being sold with prices rising Rs 3 a kg over the previous week.
Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC leaf market when Vishal Marketing Co bought its Broken Pekoe grade for Rs 162 a kg and dust market when Paras Tea Co bought its Red Dust grade for Rs 162. Professor got Rs 146, Vigneshwar Estate Rs 144, Shanthi Supreme Rs 139, Blue Monte Speciality Rs 137 and Deepika Supreme Rs 136. In all, 90 marks got Rs 100 and more.
Among orthodox teas from the corporate sector, Chamraj and Curzon got Rs 200 each, Highfield Estate Rs 168, Corsley Rs 165, Kairbetta Rs 162, Havukal Rs 161 and Devashola Rs 160. In all, 27 marks got Rs 100 and more.
“Whole-leaf orthodox grades were dearer by Rs 2-3 a kg. CTC leaf market gained Rs 2-3. Primary orthodox dust grades Rs 5-10 more. High-priced CTC leaf was dearer by Rs 2-3, mediums Rs 1-2 and cleaner blacker plainers Rs 2-3,” an auctioneer told Business Line .
On the export front, Pakistan bought in a wide range Rs 65-93 a kg and the CIS, Rs 62-90. There was some purchase for European ports at Rs 74-93.
Quotations held by brokers indicated bids ranging Rs 62-64 a kg for plain leaf grades and Rs 100-130 for brighter liquoring sorts. They ranged Rs 70-75 for plain dusts and Rs 100-145 for brighter liquoring dusts.
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