Agri Business

February begins on better note for Coonoor tea auction

P S SUNDAR Coonoor | Updated on February 08, 2021

February has begun on a better note for tea trade in The Nilgiris as the earnings at the first auction for the month conducted by Coonoor Tea Trade Association rose to ₹16.35 crore from ₹13.90 crore in the last auction of January.

This means, the earnings increased by ₹2.45 crore in just one week – in the first auction after the Budget was presented.

This happened because 12.19 lakh kg was sold against 10.51 lakh kg in the previous week despite the average price rising to ₹ 134.11 per kg from ₹ 133.25 in end January.

After two weeks, price crossing ₹ 300/kg was noticed. The Red Dust grade tea of bought leaf factory Homedale Estate, auctioned by Global Tea Brokers, topped the entire auctions this week when Dhruv Enterprises bought it for ₹ 301 per kg.

Among other CTC teas, Pinewood Estate got ₹ 270, Crosshill Estate Special ₹ 250, Bellatti Estate ₹ 226, Riverside Estate ₹ 214, Hittakkal Estate ₹ 208 and Deepika Supreme ₹ 203.

Among orthodox teas, Kairbetta and Kodanad topped at ₹ 256 a kg each, Havukal ₹ 245, Glendale ₹ 236, Devashola and Narikkal Estate ₹ 226 each, Kil Kotagiri ₹ 223, Mailoor ₹ 221, Nonsuch Orthodox ₹ 206 and Siruvani ₹ 202.

Nearly 90 per cent of the offer was sold.

Published on February 08, 2021

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

This article is closed for comments.
Please Email the Editor

You May Also Like