Comments
As much as 90 per cent of the offer at Sale No: 36 of the auctions of Coonoor Tea Trade Association was sold despite the average price raising by ₹4 a kg to rule ₹69.03 a kg, due to increased demand from upcountry buyers and exporters.
Homedale Tea Factory and Global Tea Brokers created a new price record.
Homedale’s Pekoe dust grade, auctioned by Global Tea Brokers, topped not only the dust tea auctions, but also the entire CTC market when Oswal Tea Traders bought it for ₹256 a kg.
This was the highest price fetched by this grade from any factory in all the auctions held so far this year. This was also the highest price fetched by Homedale Tea Factory for this grade so far this year, making it the ‘factory highest’.
In the leaf tea auction, Broken Orange Pekoe of Homedale Estate, auctioned by Global Tea Brokers and the same grade of Darmona Estate, auctioned by J Thomas and Co, topped at ₹220 each. Among orthodox teas, Kodanad topped at ₹245.
Comments
COMMENT NOW
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.