Commodities

About 83% of Coonoor tea sold

P. S. Sundar | | Updated on: Jun 10, 2019

About 83 per cent of the teas offered for Sale No. 23 of the auctions of Coonoor Tea Trade Association was sold with the average price crashing to ₹ 93.43 a kg – the lowest so far in calendar 2019. It was, in fact, the lowest price since November 2 last year.

Homedale Estate Red Dust, auctioned by Global Tea Brokers, topped the entire auctions when Pooja Trading Co bought it for ₹253 a kg.This was higher than the price of all teas including the orthodox teas, mostly exported, from corporates.

Homedale Pekoe dust grade, auctioned by Global Tea Brokers, followed at ₹241a kg.

In the leaf auction for CTC teas, Homedale Estate’s tea, auctioned by Global Tea Brokers, topped at ₹217. No other CTC tea, dust or leaf, entered the high price bracket of ₹200/kg.

Among the orthodox teas, Chamraj topped at ₹245 a kg followed by Havukal and Kairbetta at ₹210 each.

Published on June 10, 2019

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