Commodities

Over 90 per cent of Coonoor tea sold

Our Bureau Coonoor | Updated on September 26, 2019 Published on September 16, 2019

File photo   -  AFP

About 91 per cent of the teas offered for sale at Sale 37 of the auctions of Coonoor Tea Trade Association was sold.

The Coonoor-based bought-leaf factory Homedale Tea Factory created a new record for the current calendar fetching a price exceeding ₹300/kg mark.

Homedale tea, auctioned by Global Tea Brokers, created a hat-trick by topping the auctions for the third consecutive week when Oswal Tea Traders bought Homedale Pekoe Dust grade for ₹301 a kg.

This was the highest price fetched by any tea in any auction of CTTA so far in 2019. Homedale Red Dust grade, auctioned by Global Tea Brokers, followed at ₹286.

In the CTC Leaf tea auctions, two grades of Homedale, auctioned by Global Tea Brokers, topped at ₹241 each. No other CTC tea entered the high-price bracket of over ₹200 per kg. It is significant because the average price at this auction was only ₹85.82 a kg.

The highest price among the orthodox teas from corporate sector was ₹256 a kg fetched by Chamraj. Kodanad followed at ₹254, Kairbetta ₹241 and Havukal ₹201.

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Published on September 16, 2019
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