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The falling trend in the percentage of absorption of the tea offered at Coonoor Tea Trade Association auctions continued this weekend with only 74 per cent of the 20-week high offer of 12.79 lakh in Sale No: 23 being sold against 89 per cent in the previous week.
Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market at Rs 165 a kg. Vigneshwar Estate got Rs 160 and Shanthi Supreme Rs 151. In all, 162 marks got Rs 100 and more.
Among orthodox teas from corporate sector, Chamraj got Rs 230, Curzon Rs 229, Havukal Rs 174 and Kairbetta Rs 171. In all, 37 marks got Rs 100 and more.
“Orthodox leaf market eased Rs 2-4 a kg. High-priced CTC leaf lost up to Rs 10, while others, up to Rs 4. Orthodox dusts eased Rs 2-5. High-priced CTC dusts eased up to Rs 10 while others Rs 2-5,” an auctioneer told Business Line .
On the export front, Pakistan bought selectively in a wide range Rs 71-89 a kg and the CIS, Rs 67-95.
Quotations held by brokers indicated bids ranging Rs 67-70 a kg for plain leaf grades and Rs 120-150 for brighter liquoring sorts. They ranged Rs 70-76 for plain dusts and Rs 120-150 for brighter liquoring dusts.
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