Commodities

Nearly 90% of Coonoor tea sold

PS Sundar Coonoor | Updated on June 22, 2020

Nearly 90 per cent of the offer at Sale 25 of the Coonoor Tea Trade Association auctions was sold despite the average price rising to an all-time high level of ₹110.68 a kg from previous week’s ₹107.01 on increased demand.

The Broken Orange Pekoe leaf grade of a bought leaf tea factory Homedale Estate, auctioned by Global Tea Brokers, topped the auctions with Tea Services India Pvt Ltd buying it for ₹311 a kg.

Homedale Estate Red Dust grade, auctioned by Global Tea Brokers topped the dust tea auction and fetched the second highest price of ₹293 a kg in the whole auction.

Among other CTC teas, Pinewood Estate got ₹248, Lakshmi Estate ₹222, Crosshill Estate Special ₹203 and Vigneshwar Estate ₹201.

Among orthodox teas, Kodanad topped at ₹255 followed by Chamraj ₹251, Kairbetta ₹220, Havukal ₹216, Glendale ₹211 and Devashola ₹200.

Published on June 22, 2020

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