Korakundah organic tea fetches Rs 2,500/kg at Kochi auction

A record price of ₹2,500 per kg was realised for the Korakundah organic hand-rolled speciality Orthodox tea at the Kochi auctions.

This is the highest price realised this year in the South Indian auctions held so far. The tea produced by Korakundah Estate (100 per cent organic) is owned by the United Nilgiri Tea Estates in the Nilgiris. It is one of the rarest and most prestigious hand-made limited edition teas, which are grown at an elevation of 8,000 ft above sea level. Fine quality teas are selected from special bushes, the auctioneers Forbes, Ewart & Figgis said.

Meanwhile, the Kochi auctions witnessed a mixed trend with prices and arrivals quoting lower.

In sale no 15, the quantity on offer in the CTC dust category was 10,06,500 kg. While 90 per cent got sold, the market for Good Liquoring and teas which came under the selection of major blenders were dearer by ₹2 to ₹5 and more.

However, the increase in price was less for medium and plainer varieties, particularly bolder grades, the auctioneers said.

In CTC Orthodox, arrivals were low at 6,500 kg besides, witnessing less demand and many withdrawals. Exporters absorbed the small quantity that was sold.

In the Cochin CTC dust quotation, good grades fetched ₹90-148, mediums quoted ₹74-120 and plain varieties stood at ₹60-73.

There was only fair demand for Orthodox leaf and the quantity on offer was 86,000 kg. The market for Select Best Nilgiri Brokens, Whole Leaf was firm to dearer.

In CTC leaf, the quantity on offer was 72,000 kg and 70 per cent got sold. The market for Clean Black Well Made Fannings was firm to dearer, while Brokens were irregular and lower.

In the dust category, Waterfall (Prm) SFD quoted the best prices of ₹149 followed by both Kallyar SFD/Mayura SFD at ₹147 each. In the leaf varieties, Parkside OP (S) fetched the best prices of ₹336, followed by both Chamraj FOP (Sup) Green tea and Kodanaad TGFOP at ₹335.

COMMENT NOW