Agri Business

Teas worth ₹3.94 crore remain unsold at Coonoor auctions

P.S. Sundar Coonoor | Updated on March 23, 2020 Published on March 23, 2020

Teas worth ₹3.94 crore remained unsold at Sale No: 12 of the auctions of Coonoor Tea Trade Association as there were no takers for as much as 36 per cent of the offer.

Homedale Estate’s Broken Pekoe grade, auctioned by Global Tea Brokers (GTB), topped when Nisha Enterprises bought it for ₹313 a kg. Homedale Estate’s Broken Orange Pekoe grade, auctioned by GTB, followed at ₹311.

In the Dust tea auctions, Homedale Estate’s two grades, auctioned by GTB, topped each fetching ₹301.

Among orthodox teas, Kairbetta topped at ₹259 followed by Kodanad ₹240 and Havukal ₹208.

The demand was weak from both the upcountry buyers and exporters.

Upcountry buyers said that movement of tea from Coonoor to far away States has become uncertain due to several restrictions in the wake of action to control Covid-19. They said that North Indian teas have started coming to the market making it easier for them to buy cheaper teas there itself.

Exporters contended that with most countries imposing stringent restrictions in the movement of goods as also assembly of people in market places to prevent the spread of Covid-19, they have very few orders for teas from the Nilgiris.

Published on March 23, 2020

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.