Coonoor tea auction extent falls

Coonoor tea auction extent falls

by admin- Friday, January 17th, 2020 07:39:51 AM

A volume of 15.92 lakh kg has been catalogued for Sale three of the auctions of Coonoor Tea Trade Association, a good way to conclude on Friday.

This is a few 76,000 kg less than the quantity supplied for ultimate week’s sale.

Of the 15.92 lakh kg offered, as a lot as 14.50 lakh kg belongs to CTC range and only 1.Forty two lakh kg orthodox range. The percentage of orthodox teas is still low in both leaf and dirt grades. In the leaf counter, best 93,000 kg belongs to orthodox while 9.Sixty two lakh kg, CTC. Among the dusts, only forty nine,000 kg belongs to orthodox whilst 4.88 lakh kg, CTC. In all, 10.55 lakh kg belongs to leaf grades and 5.37 lakh kg, dust grades.

Homedale Estate’s Super Red Dust Grade, auctioned through Global Tea Brokers (GTB), created a new rate report ultimate week whilst Tea Services India Pvt Ltd sold it for ₹302 a kg. In the leaf auctions, Homedale’s tea, auctioned with the aid of GTB, topped at ₹271 according to kg. No different CTC tea entered the high-rate bracket of ₹200/kg in both leaf and dust auctions.

Quotations with the brokers indicated ₹62-69 a kg for undeniable leaf grades and ₹one hundred twenty five-151 for the satisfactory grades. For simple dust grades, they ranged ₹sixty four-sixty nine and for the best grades, ₹125-163.

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