Comments
There was buoyancy in Coonoor Tea Trade Association auctions here this weekend with as much as 95 per cent of the 9.18 lakh kg offered for Sale No: 19 were sold at Rs 2 a kg more.
Vigneshwar Speciality Tea, auctioned by Paramount Tea Marketing (SI) P Ltd., topped the CTC market at Rs 185 a kg. Homedale Estate got Rs 162, Shanthi Supreme Rs 151 and Kotagiri Estate speciality Rs 150. In all, 118 marks got Rs 100 and more.
Among orthodox teas from corporate sector, Pascoe's Woodlands got Rs 301 a kg; Chamraj got Rs 241, Curzon Rs 175, Havukal Rs 170, Glendale and Kairbetta Rs 166 each. In all, 40 marks got Rs 100 and more.
“Whole leaf orthodox got up to Rs 3 a kg more. CTC teas fetched Rs 2-3 more. Orthodox dust market was, however, down by Rs 1-2. Generally, good demand prevailed in CTC dust market and prices rose Rs 2-3”, an auctioneer told Business Line .
On the export front, Pakistan bought selectively for Rs 55-77 a kg and the CIS, Rs 57-70.
Quotations held by brokers indicated bids ranging Rs 50-54 a kg for plain leaf grades and Rs 95-157 for brighter liquoring sorts. They ranged Rs 63-67 for plain dusts and Rs 90-162 for brighter liquoring dusts.
Comments
COMMENT NOW
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.