Comments
Even after shedding prices to a four-week low average of ₹79.25 a kg at Sale No: 8 of Coonoor Tea Trade Association auction, nearly 22 per cent of the 12.35 lakh kg on offer remained unsold for want of buyers. Six grades of CTC teas from bought-leaf factories shot into high-price bracket fetching over ₹200 a kg.
‘Broken Orange Pekoe Small’ grade of Darmona Tea and Industry, auctioned by J Thomas and Company, topped the entire CTC market and Leaf auction fetching ₹240 a kg. Pekoe Dust grade of Homedale Estate, auctioned by Global Tea Brokers, topped the Dust auction fetching ₹204 and its Red Dust grade came second at ₹203.
Super Red Dust grade of Darmona (₹202) was the only other grade to enter this bracket in the Dust market.
Among orthodox teas from corporate sector, Chamraj topped at ₹255 followed by Kairbetta at ₹245, Kodanad ₹237, Havukal ₹221 and Mailoor Estate premium at ₹217.
Quotations held by brokers indicated bids ranging ₹52-54 a kg for plain leaf grades and ₹100-165 for brighter liquoring sorts. They ranged ₹60-64 for plain dusts and ₹110-180 for brighter liquoring dusts.
There was some purchase by Pakistan in the range of ₹60-116 a kg.
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.