Coonoor tea sales drop on higher price

PS Sundar Coonoor | Updated on January 22, 2018

As much as 22 per cent, worth ₹2.61 crore, of the 15.60 lakh kg on offer remained unsold at Sale No: 37 of Coonoor Tea Trade Association auctions when average prices rose to ₹67.28 a kg from previous week’s ₹66.51.

The Broken Pekoe grade of Homedale Estate, auctioned by Global Tea Brokers, topped the leaf auction and CTC market, when TRP Tea and Commodities bought it for ₹205 a kg.

The Red Dust of Homedale Estate topped the dust auction fetching ₹202 while the Pekoe Dust of Homedale Estate came next at ₹200. Darmona Estate got ₹198. In all, 33 marks got ₹125 and more per kg.

Kairbetta topped orthodox market fetching ₹246, followed by Kodanad at ₹242, Havukal ₹241 and Chamraj ₹227. In all, 42 marks got ₹125 and more per kg.

On the export front, Pakistan bought selectively in a wide range of ₹42-110.

Quotations held by brokers indicated bids ranging ₹40-43 a kg for plain leaf grades and ₹100-125 for brighter liquoring sorts. They ranged ₹40-48 for plain dusts and ₹110-170 for brighter liquoring dusts.

Published on September 14, 2015

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