May 21, 2024


The business lovers

Less volume for today’s Coonoor tea auction

The drop in volume witnessed in current months in the auctions of Coonoor Tea Trade Affiliation proceeds this week, with the volume catalogued for Sale eleven, which will conclude on Friday, declining to twelve.ninety five lakh kg.

This is some 85,000 kg less than the volume offered for previous week’s sale. It implies the volume has fallen by as much as two.eighty one lakh kg in the previous fortnight.

Of the twelve.ninety five lakh kg offered, as much as eleven.92 lakh kg belongs to CTC assortment and only 1.07 lakh kg to orthodox assortment. The proportion of orthodox teas proceeds to be minimal in both equally leaf and dust grades. In the leaf counter, only 75,000 kg belongs to orthodox even though 8.22 lakh kg, CTC. Amid the dusts, only 32,000 kg belongs to orthodox even though 3.70 lakh kg, CTC. In all, 8.97 lakh kg belongs to Leaf grades and four.02 lakh kg, Dust grades.

Homedale Tea Manufacturing unit topped the overall auctions previous week when its Broken Pekoe Leaf grade, auctioned by World wide Tea Brokers, was acquired by Tea Providers India Pvt Ltd for ₹311 a kg. At the Dust tea auctions, Homedale Pekoe Dust grade, auctioned by World wide Tea Brokers, topped at ₹300. Three other grades of Homedale teas, auctioned by World wide Tea Brokers, bought ₹292, ₹290 and ₹285. 4 grads of Pinewood Estate bought ₹226, ₹221, ₹217 and ₹205 even though 3 grades of Vigneshwar Estate bought ₹211, ₹208 and ₹204.

Quotations with the brokers indicated ₹60-62 a kg for plain Leaf grades and ₹78-126 for the finest grades. For plain Dust grades, they ranged ₹60-62 and for the finest grades, ₹78-120.