A volume of 13.91 lakh kg has been catalogued for Sale No: 50 of Coonoor Tea Trade Association scheduled for Thursday and Friday. This is the penultimate sale for 2017 as the auctions for the year will end with the next sale. This is as much as 3.37 lakh kg less than the offer of last week. Of this, 8.37 lakh kg belongs to leaf grades and 5.56 lakh kg, dust grades. As much as 12.42 lakh kg belongs to CTC variety and only 1.49 lakh kg, orthodox variety. The proportion of orthodox teas continues to be low in both leaf and dust grades. In the leaf counter, only 79,000 kg belongs to orthodox while 7.56 lakh kg, CTC. Among the dusts, only 70,000 kg belongs to orthodox while 4.86 lakh kg, CTC.
The Broken Orange Pekoe grade from Darmona Tea Factory, auctioned by J Thomas and Co. P Ltd, topped the leaf grade auction and the entire CTC market last week fetching ₹266 a kg. This was the sixth consecutive week of Darmona Tea topping the market. Homedale Estate’s two leaf grades, auctioned by Global Tea Brokers, followed at ₹256 and ₹253. In the CTC Dust tea auction, two grade of Homedale Estate, auctioned by Global Tea Brokers, topped at ₹216 and ₹213.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.