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At the final auction for February conducted by Coonoor Tea Trade Association, about 82 per cent of the 10.83 lakh kg on offer was sold with prices dropping by Rs 3 a kg.
“Market was down up to Rs 5 a kg for whole leaf orthodox and irregular for other orthodox grades. High-priced CTC leaf grades eased Rs 2-5 and others, Rs 2-3. Primary orthodox dusts eased Rs 3-5. CTC dust market was irregular with prices oscillating up and down Rs 2-3,” an auctioneer told Business Line.
Among CTC teas from bought-leaf factories, Homedale Estate, auctioned by Global Tea Brokers, topped when Paras Tea Co bought for Rs 156 a kg. Vigneshwar Estate got Rs 146, Hittakkal Estate Rs 141, Blue Mont Speciality Rs 138 and Darmona Estate Rs 137. In all, 104 marks got Rs 100 and more.
Among orthodox teas from corporate sector, Chamraj got Rs 215, Curzon Rs 191, Kairbetta Rs 176, Havukal Rs 173, Prammas Rs 171 and Kodanad Rs 166. In all, 35 marks got Rs 100 and more.
On the export front, Pakistan bought selectively for Rs 51-81 a kg and the CIS Rs 51-61.
Quotations held by brokers indicated bids ranging Rs 50-55 a kg for plain leaf grades and Rs 85-146 for brighter liquoring sorts. They ranged Rs 55-58 for plain dusts and Rs 85-141 for brighter liquoring dusts.
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