Commodities

Coonoor tea sale: Volume, prices up

PS SUNDAR Coonoor | Updated on January 22, 2018

BL22-TEA

As much as 93 per cent of the offer of 12.38 lakh kg was sold in Sale No: 51 of Coonoor Tea Trade Association auction despite the average price rising to ₹83.82 a kg from previous week’s ₹82.55 due to increased demand. Homedale Estate’s Broken Pekoe, auctioned by Global Tea Brokers, topped the Leaf auction and the entire CTC market at₹218/kg.

In the Dust tea auction, Darmona Estate’s Super Fine Dust grade, auctioned by Paramount Tea Marketing, topped when Belmount Tea and Produce Co bought it for ₹203. In all, 53 grades fetched ₹125 and more per kg. In the orthodox tea market, Kairbetta topped at ₹246 a kg followed by Kodanad ₹239 and Havukal ₹219. In all, 59 grades fetched ₹125 or more.

Quotations held by brokers indicated bids ranging ₹51-58 per kg for plain leaf grades and ₹100-145 for brighter liquoring sorts. They ranged ₹71-75 for plain dusts and ₹110-180 for brighter liquoring dusts.

Published on December 21, 2015

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