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After ruling above ₹100/kg for six consecutive weeks (for the first time since 2013), average prices slipped to ₹94.73 at Sale No: 10 of Coonoor Tea Trade Association auction. Even at this fall, there were no takers for 22 per cent of the 12.40 lakh kg on offer because of slack demand. Homedale Estate’s Broken Pekoe, auctioned by Global Tea Brokers, topped the leaf and the entire CTC market when Belmount Tea and Produce Co bought it for ₹195/kg. In the orthodox tea market, Kodanad topped at ₹264 a kg. Quotations held by brokers indicated bids ranging ₹62-70 per kg for plain leaf grades and ₹120-160 for brighter liquoring sorts. They ranged ₹82-87 for plain dusts and ₹130-170 for brighter liquoring dusts.
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