Commodities

Coonoor tea prices rise ₹5/kg

PS SUNDAR Coonoor | Updated on April 29, 2014 Published on April 29, 2014




There was no leaf auction on Thursday because of Lok Sabha elections in Tamil Nadu but when both the leaf and dust auctions were held on Friday, there was increased demand particularly for the medium and plainer grades. This pushed up the price by ₹5 a kg on the average compared to previous week; still, as the price was as much as ₹25 lower than this time last year, as much as 93 per cent of the 10.41 lakh kg on offer was sold.

Vigneshwar Estate topped the CTC market at ₹181 a kg. Deepika Supreme and Homedale Estate got ₹176 each, Hittakkal Estate ₹172, Shanthi Supreme ₹166 and Crosshill Estate ₹165. In all, 49 marks got ₹125 and more .

Among orthodox teas, Chamraj topped at ₹235 a kg followed by Kairbetta ₹221, Havukal ₹205, Corsley ₹192 and Kodanad ₹190. In all, 47 marks got ₹125 and more .

Quotations held by brokers indicated bids ranging ₹53-56 a kg for plain leaf grades and ₹100-140 for brighter liquoring sorts. They ranged ₹64-66 for plain dusts and ₹120-175 for brighter liquoring dusts.

Export purchase was limited to plainer less-priced teas. Some teas were bought for Pakistan in wide range ₹53-70 a kg.

Published on April 29, 2014
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