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With producers sacrificing the prices to dip to an average of ₹87.93 a kg- the lowest since 2015- as much as 84 per cent of 18.70 lakh kg could be absorbed at Sale No: 18 of Coonoor Tea Trade Association auctions.
No CTC tea could enter the high-price bracket of ₹200 a kg. Homedale Estate’s Broke Pekoe, auctioned by Global Tea Brokers, topped the Leaf auctions and the entire CTC market when Vora Sons bought it for ₹194.
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