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.
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.