Commodities

Coonoor tea auction volume up

PS Sundar Coonoor | Updated on March 27, 2019 Published on March 27, 2019

A volume of 9.80 lakh kg has been catalogued for Sale No: 13 of Coonoor Tea Trade Association scheduled for Thursday and Friday.

This is some 62,000 kg more than last week’s offer. Still, it is among the lowest volume of the past many months.

Of the 9.80 lakh kg offered, as much as 8.60 lakh kg belongs to CTC variety and only 1.20 lakh kg, orthodox variety. The proportion of orthodox teas continues to be low in both leaf and dust grades. In the leaf counter, only 75,000 kg belongs to orthodox while 5.91 lakh kg, CTC. Among the dusts, only 45,000 kg belongs to orthodox while 2.69 lakh kg, CTC. In all, 6.46 lakh kg belongs to leaf grades and 3.14 lakh kg, dust grades.

Homedale Estate’s Red Dust CTC grade, auctioned by Global Tea Brokers, topped the auctions last week when GLT Enterprises bought it for ₹270 a kg. This beat the price of even the export-oriented orthodox teas from corporate sector. In the CTC leaf tea auctions, Homedale Estate’s grade, auctioned by Global Tea Brokers, topped at ₹250.

Quotations with the brokers indicated₹85-92 a kg for plain Leaf grades and ₹120-130 for the best grades. For plain Dust grades, they ranged ₹92-98 and for the best grades, ₹125-140.

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Published on March 27, 2019
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