February 27, 2024


The business lovers

Volume comes down at Coonoor tea auction

A quantity of twenty.03 lakh kg has been catalogued for Sale 31 of the auctions of Coonoor Tea Trade Association to be held on Thursday and Friday.

This is as significantly as 1.forty one lakh kg significantly less than the give for very last week’s auction.

Of the 18.61 lakh kg offered, as significantly as 17.fifty two lakh kg belongs to CTC range and only 1.09 lakh kg to Orthodox range. In the leaf counter, only seventy three,000 kg belongs to Orthodox, although 13.24 lakh kg, CTC. Among the the dusts, only 36,000 kg belongs to Orthodox, although four.28 lakh kg, CTC. In all, 13.ninety seven lakh kg belongs to Leaf grades and four.64 lakh kg, Dust grades.

Among the CTC teas from acquired leaf factories, Damaged Orange Pekoe of Homedale Estate, auctioned by World wide Tea Brokers, topped very last 7 days when Santhosh Tea Industries P Ltd acquired it for ₹294 a kg. Pinewood Estate followed at ₹236, Crosshill Estate, Kannavarai and Vigneshwar Estate ₹222 every, Lakshmi Estate ₹221, Bellati Estate ₹220, Palmera Estate ₹217, Hittakkal estate ₹211 and Riverside Estate and Shanthi Supreme ₹201 every.

Quotations with the brokers indicated ₹97-115 a kg for basic Leaf grades and ₹185-236 for the ideal grades. For basic Dust grades, they ranged ₹100-110 and for the ideal grades, ₹170-200.