Commodities

Coonoor tea auction offer falls

PS Sundar Coonoor | Updated on January 09, 2018 Published on December 13, 2017

COIMBATORE, 14/06/2008: The tea garden at Adderley Estate about 12 kilometres from Coonoor, owned by Glendale Estates. Photo: K. Ananthan 14/06/2008

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.

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Published on December 13, 2017
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