Agri Business

Nearly 23% Coonoor tea unsold

P. S. Sundar Coonoor | Updated on August 05, 2013

Some 23 per cent of the 19.07 lakh kg offered for Sale No: 31 of Coonoor Tea Trade Association auctions remained unsold for want of buyers.

The orthodox teas of Chamraj (Rs 252 a kg) and Corsley (Rs 200) were the only ones to touch Rs 200 and above.

“For the seventh consecutive week, our Orange Pekoe has topped the market reflecting the choice of discerning domestic consumers and exporters with about 90 per cent of our production being exported,” Chamraj Director D. Hegde told Business Line.

Havukal got Rs 178, Kairbetta Rs 174, Kodanad Rs 173 and Highfield Estate Rs 173.

In all, 37 marks got Rs 125 and more.

Homedale Estate topped CTC market when its Pekoe Dust grade, auctioned by Global Tea Brokers, was bought by Paras Tea Co., for Rs 191 a kg.

Vigneshwar Estate got Rs 171, Crosshill Estate Rs 169 and Hittakkal Estate Rs 166.

In all, 39 marks got Rs 125 and more .

exports

Exporters to Pakistan paid Rs 70-103 and to the CIS, Rs 68-77.

There was some purchase for some European ports for Rs 80-96.

Quotations held by brokers indicated bids ranging Rs 68-71 a kg for plain leaf grades and Rs 115-150 for brighter liquoring sorts.

They ranged Rs 68-74 for plain dusts and Rs 120-160 for brighter liquoring dusts.

Published on August 05, 2013

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