June 13, 2024

Paull Ank Ford

Business Think different

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 a great deal as 1.41 lakh kg a lot less than the provide for previous week’s auction.

Of the eighteen.sixty one lakh kg made available, as a great deal as seventeen.fifty two lakh kg belongs to CTC wide variety and only 1.09 lakh kg to Orthodox wide variety. In the leaf counter, only 73,000 kg belongs to Orthodox, whilst thirteen.24 lakh kg, CTC. Amongst the dusts, only 36,000 kg belongs to Orthodox, whilst 4.28 lakh kg, CTC. In all, thirteen.ninety seven lakh kg belongs to Leaf grades and 4.sixty four lakh kg, Dust grades.

Amongst CTC teas from bought leaf factories, Damaged Orange Pekoe of Homedale Estate, auctioned by World Tea Brokers, topped previous week when Santhosh Tea Industries P Ltd bought it for ₹294 a kg. Pinewood Estate adopted at ₹236, Crosshill Estate, Kannavarai and Vigneshwar Estate ₹222 every single, Lakshmi Estate ₹221, Bellati Estate ₹220, Palmera Estate ₹217, Hittakkal estate ₹211 and Riverside Estate and Shanthi Supreme ₹201 every single.

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-one hundred ten and for the ideal grades, ₹170-two hundred.