A reduced volume of 21.08 lakh kg is being offered for Sale No. 29 of the auctions of Coonoor Tea Trade Association, which will conclude on Friday. This is 66,000 kg less than last week’s offer.
Of the 21.08 lakh kg offered, as much as 19.84 lakh kg belongs to CTC variety and only 1.24 lakh kg to the orthodox variety. The proportion of orthodox teas continues to be low in both leaf and dust grades. In the leaf counter, only 77,000 kg belongs to orthodox while 12.79 lakh kg is CTC. Among the dusts, only 47,000 kg belongs to orthodox while 7.05 lakh kg is CTC. In all, 13.56 lakh kg belongs to leaf grades and 7.52 lakh kg to dust grades.
Among the bought leaf factories selling CTC teas, only Homedale Tea Factory could enter the high-price bracket of ₹200/kg last week. Its Red Dust, auctioned by Global Tea Brokers, topped the CTC market when Om Enterprises bought it for ₹223 a kg.
Quotations with the brokers indicated ₹65-70 a kg for plain leaf grades and ₹100-114 for the best grades. For plain dust grades, they ranged in ₹64-68 band and for the best grades ₹98-110.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.