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Nearly 86 per cent of year's lowest offer of 9.68 lakh kg was sold at sale no: 11 of Coonoor Tea Trade Association auctions with prices easing Rs 2 a kg on inadequate demand at high bids.
Vigneshwar Estate, auctioned by Paramount Tea Marketing, topped CTC market at Rs 155 a kg. Homedale Estate got Rs 152, Darmona Estate Rs 146, Hittakkal Estate Rs 143, Waver Tree Rs 138 and Kannavarai Estate Rs 137. In all, 99 marks got Rs 100 and more.
Among orthodox teas from corporate sector, Chamraj got Rs 210, Curzon Rs 190, Havukal Rs 171, Kairbetta and Corsely Rs 170 each, and Kodanad Rs 160. In all, 34 marks got Rs 100 and more.
“Orthodox leaf market struggled to be steady. High-priced CTC leaf gained Rs 2-5 a kg, while others eased Rs 2-3. Orthodox dust market was irregular in Rs 2-5 range. CTC dust market eased up to Rs 3,” an auctioneer told Business Line.
On the export front, Pakistan bought selectively for Rs 55-67 a kg and the CIS Rs 52-84.
Quotations held by brokers indicated bids ranging Rs 50-55 a kg for plain leaf grades and Rs 85-150 for brighter liquoring sorts. They ranged Rs 55-58 for plain dusts and Rs 85-155 for brighter liquoring dusts.
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