Offer for Coonoor tea auction down over 2 lakh kg

Joseph B. Hash

A volume of twenty five.26 lakh kg is getting presented for Sale No: 24 of the auction of Coonoor Tea Trade Affiliation to be held on Thursday and Friday.

It is as significantly as 2.29 lakh kg a lot less than the year’s highest volume presented for the final auction. Of this, the volume of Dust teas – both equally CTC and orthodox – has fallen by as significantly as one.67 lakh kg owing to a lot less production arising from lockdown constraints.

The total volume presented involves some teas unsold in former auctions but significant amount is fresh arrival of the teas manufactured with the green leaf plucked immediately after the recent unseasonal but favourable rains.

Of the twenty five.26 lakh kg presented for this week’s auctions, as significantly as 24.twenty lakh kg belongs to CTC variety and only one.06 lakh kg orthodox variety. The proportion of orthodox teas carries on to be low in both equally leaf and dust grades. In the leaf tea counter, only 71,000 kg belongs to orthodox though eighteen.35 lakh kg, CTC. Among the dust tea, only 35,000 kg belongs to orthodox though 5.85 lakh kg, CTC. In all, 19.06 lakh kg belongs to Leaf grades and 6.twenty lakh kg, Dust grades.

The green tea from Pascoes Woodlands, auctioned by Paramount Tea Promoting (SI) P Ltd topped the total auctions final week when Shyam Enterprises purchased it for ₹ 309 a kg. Among CTC teas, Homedale Estate’s Damaged Pekoe grade, auctioned by Worldwide Tea Brokers, topped when Nisha Enterprises purchased it for ₹ 294 a kg. Pinewood Estate received ₹ 224 and Hittakkal Estate ₹206.

Quotations with the brokers indicated ₹94-97 a kg for plain Leaf grades and ₹155-186 for the ideal grades. For plain Dust grades, they ranged ₹95-a hundred and one and for the ideal grades, ₹155-221.

Next Post

Neutral day for rubber market

Place rubber continued to remain neutral on Wednesday. RSS4 closed unchanged at ₹170.00 for every kg according to traders and the Rubber Board. The quality was quoted continuous at ₹165.00 for every kg by Sellers. Meanwhile Latex misplaced further more amid extremely low volumes and hence, the development was partly […]

Subscribe US Now