The auctions of Coonoor Tea Trade Association have begun on a happy note in calendar 2017 with as much as 94 per cent of 9.80 lakh kg offered being absorbed at an average price of ₹108.92 per kg – the highest in 10 months. Homedale Estate’s Red Dust, auctioned by Global Tea Brokers, topped the Dust auction and the entire CTC market when Oswal Tea Traders bought it for ₹241 per kg. In the CTC Leaf market, Vigneshwar Speciality, auctioned by Paramount Tea Marketing, topped at ₹240,. In the orthodox market, Chamraj and Kodanad topped at ₹276 a kg each.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.