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Of the ₹17.73 crore worth of tea which came up for Sale No: 49 of the auctions of the Coonoor Tea Trade Association, as much as ₹5.82 crore worth of tea remained unsold as there were no takers for about 33 per cent of the offer.
This was despite the average price falling to ₹102.08 a kg from the previous week’s ₹103.71 due to subdued demand from exporters.
Homedale Red Dust, auctioned by Global Tea Brokers, topped the entire CTC auctions when Tea Services India Pvt Ltd bought it for ₹234 per kg.
In the CTC Leaf tea auctions, Homedale Estate Broken Pekoe tea, auctioned by Global Tea Brokers, topped at ₹213.
Among orthodox tea, Kodanad topped at ₹255 followed by Chamraj ₹243, Kairbetta ₹228 and Havukal ₹201.
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