June 20, 2024


Imagination at work

Volume hits 3-week high at Coonoor tea auction

Reversing the slipping development witnessed in the present for the auctions of Coonoor Tea Trade Association in the modern weeks, the quantity catalogued for sale 32 to be held on Thursday and Friday rises to 21.98 lakh kg.

This is as a lot as two.34 lakh kg more than the present for last week and the maximum quantity of the last a few weeks.

The quantity is substantial as some teas unsold in the preceding auctions have been re-catalogued alongside with the fresh teas.

Of the 21.98 lakh kg made available for this week’s auctions, as a lot as twenty.forty five lakh kg belongs to CTC wide variety and only 1.53 lakh kg orthodox wide variety. In the leaf tea counter, only 98,000 kg belongs to orthodox though fifteen.forty five lakh kg, CTC. Among the dust tea, only 55,000 kg belongs to orthodox though 5 lakh kg, CTC. In all, sixteen.43 lakh kg belongs to Leaf grades and 5.55 lakh kg, Dust grades.

No tea could cross ₹300/kg amount at last week’s auction. The Pink Dust quality of acquired leaf factory, Homedale Estate, auctioned by World wide Tea Brokers, topped the overall auctions when Tea Companies India Pvt Ltd acquired it for ₹294 a kg. The Pink Dust quality from a different acquired leaf factory, Crosshill Estate, auctioned by World wide Tea Brokers, fetched the next maximum rate of ₹240 a kg. Pinewood Estate received ₹236. Even orthodox teas from corporates fetched considerably less than this.

Quotations with the brokers indicated ₹74-77 a kg for simple Leaf grades and ₹145-182 for the greatest grades. For simple Dust grades, they ranged ₹75-76 and for the greatest grades, ₹148-186.