Another rate file at Coonoor tea auctions

Another rate file at Coonoor tea auctions

by admin- Tuesday, July 14th, 2020 07:56:30 AM

A new charge file become created at Sale No: 28 of the auctions of Coonoor Tea Trade Association when the Broken Pekoe grade of Vigneshwar Speciality Tea, auctioned with the aid of Paramount Tea Marketing P Ltd, was bought by Nisha Enterprises for ₹315 a kg.

“This is the highest rate for any CTC tea no longer simplest in Coonoor however within the complete South Indian auctions this week,” Ravichandran Broos, General Manager, Paramount Tea Marketing, who auctioned this tea, told BusinessLine.

“Two leaf grades of Homedale Estate fetched top fees of ₹ 305 in line with kg each,” Rajesh Gupta, Managing Director, Global Tea Brokers, who auctioned these teas, stated.

“In the dirt tea public sale, two grades of Vigneshwar Speciality teas auctioned with the aid of us fetched ₹ three hundred in keeping with kg every,” Broos brought.

These CTC teas from sold leaf factories fetched fees better than even the orthodox teas from corporate factories.

Among different CTC teas, Pinewood Estate were given ₹227 a kg, Crosshill Estate Special ₹216, Kannavarai Estate ₹206 and Lakshmi Estate ₹ 2 hundred.

Among orthodox teas, Kodanad crowned at ₹240 observed with the aid of Devashola ₹221, Kairbetta ₹220, Glendale ₹217, Kilkotagiri ₹213, Lockhart Gold ₹ 206 and Havukal ₹205.

The average fee rose appreciably to ₹ 128.26 a kg from the preceding week’s ₹ 116.60. Still, nearly 96 per cent of the gives had been bought way to multiplied call for from upcountry shoppers, particularly in the ones States where the lockdown has been relaxed.

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