Commodities

Volume rises at Coonoor tea auctions

PS Sundar Coonoor | Updated on June 17, 2020 Published on June 17, 2020

A volume of 16.73 lakh kg has been catalogued for sale 25 to be held on Thursday and Friday at the Coonoor Tea Trade Association.

This is 60,000 kg more than the volume offered for the previous sale.

Of the 16.73 lakh kg offered, as much as 15.56 lakh kg belongs to CTC variety and only 1.17 lakh kg, Orthodox variety. In the leaf counter, only 72,000 kg belongs to Orthodox, while 11.28 lakh kg belongs to CTC. Among the dusts, only 45,000 kg belongs to Orthodox, while 4.28 lakh kg, CTC. In all, 12 lakh kg belongs to Leaf grades and 4.73 lakh kg, Dust grades.

Homedale Tea Factory topped the entire auctions last week when its Broken Pekoe grade, auctioned by Global Tea Brokers, was bought by Ganesh Enterprises for ₹302 a kg. Homedale Estate’s Broken Orange Pekoe grade, auctioned by Global Tea Brokers, followed at ₹300. In the CTC dust tea auctions, two grades of Homedale Estate, auctioned by Global Tea Brokers, topped at ₹281 each. Pinewood Estate got ₹234 and Vigneshwar Estate ₹218.

Quotations with the brokers indicated ₹82-92 a kg for plain Leaf grades and ₹156-234 for the best grades. For plain Dust grades, they ranged ₹73-85 and for the best grades, ₹154-210.

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Published on June 17, 2020
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