A subdued blenders demand continue to hit Coonoor tea auctions witnessing declining prices and offerings of all brew varieties.

Traders said that the overall liquidity crunch being felt in the economy is reflecting in tea market as well leading to a lower demand for purchase. The climatic conditions in the production regions have also hit arrivals to the auction platform.

Global Tea Auctioneers said that the offered quantity in leaf was 12,62,684 kg, witnessing a sales percentage of 70. For dust, the offerings was 3,90,904 kg with a sale of 83 per cent.

The high priced teas were dearer by ₹3 to 4 and more at times, better liquoring sorts were lower by ₹2 to 3 with some withdrawals. The better medium sorts were lower by ₹1 to 2.

In leaf orthodox, the primary whole leaf grades were barely lower by ₹2 to 3, occasionally some quality lots sold dearer by ₹2 to 3. The primary brokens had fair demand and sold dearer by ₹6 to 8. The secondaries and fannings were barely steady to occasionally dearer by ₹1 to 2.

In dust CTC, the high-priced sold dearer by ₹6 to 8, while better liquoring sorts were lower by ₹2 to 3. The better medium sorts were occasionally easier by ₹1 to 2 with some withdrawals.

The primary orthodox dust grades were lower by ₹6 to 8, while secondaries and finer dusts were barely steady to easier by ₹1 to 2.

Published on February 18, 2025