Agri Business

Coonoor tea prices ease on poor demand

P.S. Sundar Coonoor | Updated on January 31, 2011 Published on January 31, 2011




In the CTC market of Sale No: 4 of the auctions of Coonoor Tea Trade Association, Darmona Tea Industry topped at Rs 148 a kg. “Our red dust (RD) fetched this price. In all, our six grades got Rs 106 and more,” Mr Dinesh Raju, Darmona Managing Partner, told Business Line.

Homedale Estate, auctioned by Global Tea Brokers, topped the CTC leaf market at Rs 144. “Our broken orange pekoe fannings (BOPF) got this price. Our broken pekoe (BP) and broken orange pekoe (BOP) grades got the second highest price of Rs 140 each. In all, our five grades got Rs 140 and more”, the Managing Partner, Mr Prashant Menon, said.

Vigneshwar Estate got Rs 146, Shanthi Supreme Rs 136, Hittakkal Estate Rs 134, Deepika Supreme Rs 133, Kannavarai Estate and Professor Rs 130 each. In all, 79 marks fetched Rs 100 and more.

Orthodox

Among orthodox teas from corporate sector, Curzon got Rs 173, Havukal Rs 166, Kairbetta Rs 165, Highfield Estate Rs 164, Prammas Rs 161 and Quinshola clonal Rs 160. In all, 25 marks got Rs 100 and more.

Although the volume of 8.21 lakh kg offered was the lowest in over a year, 16 per cent was withdrawn for want of buyers despite shedding Rs 3 a kg resulting in teas worth Rs 97 lakh remaining unsold.

“Orthodox leaf market eased Rs 2-4 a kg. High-priced CTC leaf lost Rs 2-5, better mediums Rs 2-4 and plainers Rs 5-7. Orthodox dusts were firm. CTC medium dusts eased Rs 3-4 and others up to Rs 4”, an auctioneer said.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on January 31, 2011
This article is closed for comments.
Please Email the Editor