About 88 per cent of the offer at Sale No: 11 of the auctions of Coonoor Tea Trade Association was sold despite the average price rising to ₹102.75 a kg – the highest so far in calendar 2019 – due to better demand from upcountry buyers in the context of low supplies in the North.
For that matter, it was the highest price in the last two years except for ₹103.71 recorded on November 30, 2018.
Homedale Estate’s Pekoe Dust tea, auctioned by Global Tea Brokers, topped the entire CTC market when Tea Services India Pvt Ltd., bought it for ₹283 a kg.
In the CTC Leaf tea auctions, Homedale Estate’s tea, auctioned by Global Tea Brokers, topped at ₹249.
This was significant because no other CTC tea could enter the high-price bracket of ₹200/kg and this price was more than double the average price which itself was almost two-year high.
Among orthodox teas, Kodanad dust grade, auctioned by Global Tea Brokers, topped not only the orthodox market but the entire auctions, including all grades of CTC teas, when Kushal Tea Co bought it for ₹297 a kg – just short of ₹3 to enter the next highest bracket of ₹300/kg.
Kairbetta got ₹288, Chamraj ₹241, Corsley ₹221, Havukal ₹215 and Vigneshwar orthodox and Mailoor ₹200 each.
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