Commodities

87% sold in opening tea auction

PS Sundar Coonoor | Updated on January 08, 2018 Published on January 08, 2018

About 87 per cent of the offer at Sale No: 1 of Coonoor Tea Trade Association (CTTA) was sold out because of increased winter demand from upcountry buyers and select exporters.

Homedale Estate created a new price record when its Red Dust tea, auctioned by Global Tea Brokers, was bought by Tea Services India Pvt Ltd., for ` 274 a kg. This was the highest price fetched by any CTC tea, leaf or dust, by any factory in this sale. Besides, this was the highest price fetched by Homedale Factory in the CTC Dust category ever since it started manufacture 66 years ago.

Homedale Estate’s Pekoe Dust, auctioned by Global Tea Brokers, followed it in Dust tea auction at₹268.

In the CTC Leaf tea auction, Darmona Estate tea, auctioned by J Thomas and Co., topped at ₹270 a kg. Homedale Estate’s leaf tea, auctioned by Global Tea Brokers followed at ₹266.

In the orthodox market, Chamraj topped at ₹295 a kg. This was also the highest price of all the teas sold in this auction.

In the orthodox Dust tea auction, Kodanad topped at ₹276, thereby continuing to prove buyers’ patronage unmindful of all controversies associated with income tax raids at Kodanad and Curzon (Green Tea) estates.

Kairbetta and Havukal teas followed at ₹215 and ₹206 respectively. All others got less than ₹200 a kg.

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Published on January 08, 2018
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