Commodities

Tea prices steam to record at Coonoor sale

Our Correspondent Coonoor | Updated on January 28, 2014 Published on January 28, 2014

New price records were created at Sale number 4 of the Coonoor Tea Trade Association (CTTA) auction.

The Broken Orange Pekoe Dust orthodox tea of Highfield Estate, auctioned by Contemporary Tea Auctioneers P Ltd, set a new price record when Kushal Tea Co, bought it for Rs 350 a kg.

high prices

Auctioned by Contemporary and bought by Kushal, its BOPD Supreme grade also fetched a record Rs 330 a kg.

These are the highest prices fetched ever since auctions started at CTTA 50 years ago.

The previous record of Rs 291 a kg was also held by Highfield Estate for its BOPD sold in February 2012.

Kodanad (Rs 300 a kg) was the only other tea to enter Rs 300-bracket this week. Kairbetta got Rs 254, Havukal Rs 227, Highfield Estate Rs 221, Prammas Rs 218, Coonoor Tea Rs 211 and Chamraj Rs 206.

In all, 66 marks got Rs 125 and more for a kg.

CTC market

Crosshill Estate tea continued to top the CTC market.

“In all the auctions held so far in 2014, our teas have topped the market. This week, our Broken Orange Pekoe Fannings topped at Rs 204 a kg,” Dinesh Raju, Crosshill Production Head, told Business Line.

Homedale Estate and Deepika Supreme got Rs 202 each, Vigneshwar Estate and Shanthi Supreme Rs 193 each and Hittakkal Estate Rs 190. In all, 59 marks got Rs 125 and more .

Published on January 28, 2014
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