Commodities

Higher sales at Coonoor tea auction

PS SUNDAR Coonoor | Updated on January 22, 2018

The ongoing national strike of truck operators did not affect traders’ buying pattern at this week’s auction of Coonoor Tea Trade Association since as much as 81 per cent of the offer was bought even without sacrificing prices. The average price remained at previous week’s level of ₹69.70 a kg. “If lorry strike prolongs, our business will be hit as the purchased tea cannot be moved to the respective destinations.

At that stage, we will review our purchase bids,” a trader told BusinessLine. Although the average price remained the same, for the first time in several months, this week, no CTC tea entered the high-price bracket of ₹200/kg. Homedale Estate’s Red Dust, auctioned by Global Tea Brokers, came close when Pooja Traders bought it for ₹198 a kg. In the leaf auction, the highest price was fetched by Darmona Estate at ₹165.

Chamraj topped the orthodox market fetching ₹264. Quotations held by brokers indicated bids ranging ₹38-43 a kg for plain leaf grades and ₹100-120 for brighter liquoring sorts. They ranged ₹50-60 for plain dusts and ₹110-175 for brighter liquoring dusts.

Published on October 05, 2015

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