Commodities

Teas worth ₹4.57 cr unsold at Coonoor auctions

PS Sundar Coonoor | Updated on February 24, 2020

Teas worth ₹4.57 crore remained unsold at Sale No: 8 of the auctions of Coonoor Tea Trade Association as there were no takers for as much as 40 per cent of the offer despite the average prices falling to ₹79.97 a kg from previous week’s ₹82.20.

Homedale Tea Factory topped the entire auctions when its Broken Pekoe Leaf grade, auctioned by Global Tea Brokers, was bought by PS Tea Industries for ₹326 a kg.

In the Dust tea auctions, Homedale Estate’s Red Dust grade, auctioned by Global Tea Brokers, topped at ₹311.

These were the only teas, orthodox or CTC from any factory, small-scale or corporate, to fetch over ₹300 a kg.

Three more grades of Homedale Estate, auctioned by Global Tea Brokers, followed at ₹296, ₹282 and ₹279. Pinewood Estate got ₹207. No other CTC tea could fetch over ₹200/kg.

Homedale top price was over four times the average price.

The highest price fetched by orthodox teas from the corporate sector was ₹262 a kg by Kairbetta. Kodanad got ₹259, Chamraj ₹235, Havukal ₹209 and Nonsuch Orthodox ₹201.

Published on February 24, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like