Coonoor tea auction volume drops

Coonoor tea auction volume drops

by admin- Thursday, August 8th, 2019 08:08:59 AM

The falling fashion witnessed in the extent coming up for auctions of Coonoor Tea Trade Association in the beyond few weeks keeps this week with the quantity losing to 16.51 lakh kg for Sale 32 to be held on Thursday and Friday.

This is some fifty four,000 kg much less than final week’s offer.

Of the 16.Fifty one lakh kg offered, as a great deal as 15.48 lakh kg belongs to CTC variety and simplest 1.03 lakh kg orthodox range. The percentage of orthodox teas continues to be low in both leaf and dust grades. In the leaf counter, simplest 62,000 kg belongs to orthodox while 10.35 lakh kg, CTC. Among the dusts, most effective forty one,000 kg belongs to orthodox at the same time as five.Thirteen lakh kg, CTC. In all, 10.97 lakh kg belongs to Leaf grades and 5.Fifty four lakh kg, Dust grades.

Among the bought leaf factories selling CTC teas, only Homedale Tea Factory could enter the high-fee bracket of ₹200/kg ultimate week. Homedale Red Dust grade, auctioned by way of Global Tea Brokers, topped the whole CTC market when Shree Abirami Enterprises bought it for ₹261 a kg. Homedale Broken Orange Pekoe grade, auctioned via Global Tea Brokers, crowned the CTC Leaf marketplace fetching ₹205 a kg.

Quotations with the brokers indicated₹sixty three-74 a kg for simple Leaf grades and ₹one hundred-120 for the pleasant grades. For plain Dust grades, they ranged ₹sixty four-72 and for the fine grades₹100-116.

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