Commodities

Nearly 84 per cent tea sold at Coonoor auctions

PS Sundar Coonoor | Updated on May 19, 2020

File photo   -  REUTERS

Nearly 84 per cent of the offer at Sale 20 of the auctions of Coonoor Tea Trade Association (CTTA) was sold with the average price dropping marginally to ₹94.21 a kg from ₹94.84 fetched in previous Sale.

Homedale Estate’s Pekoe Dust grade, auctioned by Global Tea Brokers, topped the entire auctions when Shree Abirami Enterprises (SAE) bought it for ₹283 a kg.

“We bought this for the discerning tea connoisseurs in The Nilgiris district who prefer to enjoy this grade’s unique flavour and taste,” SAE’s Proprietor G Thiagarajan, a senior buyer with CTTA for 46 years, told BusinessLine.

“This is a premium grade and before the disruption of the auctions due to the lockdown, we had bought this grade for ₹307 a kg. There is increased demand for this tea which also fetches repeat orders,” he disclosed.

Homedale Estate’s Red Dust grade, auctioned by Global Tea Brokers, followed at ₹260.

Homedale Estate’s Super Red Dust grade, auctioned by Global Tea Brokers, fetched ₹250.

Among orthodox teas, Kairbetta topped at ₹252 followed by Kodanad ₹240, Chamraj ₹219 and Havukal ₹205.

Published on May 19, 2020

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