Agri Business

Homedale tops Coonoor tea auction

PS Sundar Coonoor | Updated on January 30, 2018 Published on January 30, 2018

Nearly 88 per cent of the offer was sold at Sale No: 4 of the auctions of Coonoor Tea Trade Association (CTTA) despite the average price rising to nine-month high of ₹90.40 a kg due to increased winter demand from upcountry buyers and select exporters.

Homedale Estate tea, auctioned by Global Tea Brokers, was the only one which entered the high-price bracket of ₹200/kg among CTC teas.

Its Broken Orange Pekoe Fanning topped both the leaf auction and the entire CTC market when Sachin Tea Traders bought it from auctioneers Global Tea Brokers for ₹287 a kg. This was the highest price in the entire auction this week of any tea, CTC or orthodox, from any factory, corporate or bought-leaf.

In the CTC Dust tea mate market, Homedale Estate’s Pekoe Dust, auctioned by Global Tea Brokers, topped at ₹286. Its Red Dust grade, auctioned by Global Tea Brokers, followed at ₹276.

In the orthodox tea market, Chamraj topped at ₹281.

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

Published on January 30, 2018
This article is closed for comments.
Please Email the Editor