Coonoor tea auction extent falls by admin- Friday, September 6th, 2019 07:20:52 AM
A extent of 11.35 lakh kg has been catalogued for Sale 36 of the auctions of Coonoor Tea Trade Association, on the way to conclude on Friday. This is some forty six,000 kg less than final week’s offer.
Of the 11.35 lakh kg presented, as a whole lot as 10.47 lakh kg belongs to CTC variety and only 88,000 kg orthodox variety. The proportion of orthodox teas is still low in both leaf and dust grades. In the leaf counter, handiest 50,000 kg belongs to orthodox even as CTC is 7.06 lakh kg. Among the dusts, best 38,000 kg belongs to orthodox and 3.Forty one lakh kg CTC. In all, 7.56 lakh kg belongs to Leaf grades and 3.Seventy nine lakh kg Dust grades.
Among the offered leaf factories selling CTC teas, best Homedale Tea Factory may want to input the excessive-charge bracket of ₹2 hundred/kg ultimate week. But, grades of Homedale Estate’s tea, auctioned by Global Tea Brokers, topped the complete CTC market – the dust grade offered by Om Enterprises for ₹252 a kg and the leaf grade at ₹251.
Quotations with the agents indicated ₹64-75 a kg for undeniable Leaf grades and ₹108-128 for the exceptional grades. For plain Dust grades, they ranged ₹sixty seven-73 and for the quality grades ₹107-122.