20% tea unsold at Coonoor auctions

P S Sundar Coonoor | Updated on June 30, 2014

Tea worth about ₹4 crore remained unsold at Sale No. 25 of the Coonoor Tea Trade Association auctions as there were no takers for about 20 per cent of the 18.9 lakh kg on offer at the asking price.

Vigneshwar Estate topped the CTC market at ₹184 a kg, followed by Homedale Estate and Shanthi Supreme at ₹182 a kg each. . In all, 139 marks got ₹125 and more a kg.

Among the orthodox ones, Kodanad topped at ₹232 a kg followed by Kairbetta at ₹224 a kg. Some 37 marks got ₹125 and more a kg.

Quotations held by brokers indicated bids ranging from ₹50-52 a kg for plain leaf grades and ₹100-160 for brighter liquoring type. They ranged ₹52-60 for plain dusts and ₹120-180 for brighter liquoring dusts.

With subdued export and internal demand, CTC leaf lost up to ₹5 a kg.

Published on June 30, 2014

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