Coonoor tea auctions for 2021 ends on pleasing be aware by admin- Wednesday, December 29th, 2021 07:52:33 AM
CTC Pekoe Dust tea, auctioned through GTAPL fetched an all-time excessive fee of ₹392 a kg
The auctions of Coonoor Tea Trade (CTTA) for the calendar yr 2021 ended on a satisfying word with the extent offered and the general profits rising to 3-week excessive even as the common rate remained flat.
The Coonoor-based offered-leaf tea manufacturing unit, Homedale Tea Factory, created a brand new fee record. “Our CTC Pekoe Dust tea, auctioned via Global Tea Auctioneers Private Ltd., (GTAPL) fetched an all-time excessive rate while Devesh Kayal (OPC) Private Ltd., Coimbatore, bought it for ₹392 a kg. This is the very best price fetched by any tea, CTC or orthodox, from any factory, bought leaf or corporate, inside the everyday auctions of CTTA in 2021. It is the highest fee fetched by any of our teas since manufacturing started out in our manufacturing facility in 1949”, Homedale Managing Partner Raman Menon told BusinessLine.
“This the very best price we have ever paid amongst all auction centres we function. We are trading this tea in domestic market with an accent on West Bengal, Rajasthan and Karnataka. We paid the record price for this tea due to its golden liquor, clear appearance and after-taste lingering characteristic. This can be sold as different product with out blending and is a few of the fine iciness teas from South India and different components of the country”, Devesh Kayal stated.
This turned into the handiest tea which crossed ₹three hundred/kg mark this week.
In CTC Leaf auctions, two grades of Crosshill Estate tea, auctioned by GTAPL, topped fetching ₹291 a kg every.
Among different CTC teas, Pinewood Estate were given ₹235, Vigneshwar Estate ₹226, Shanthi Supreme ₹214, Riverside Estate ₹211, Bellatti Estate ₹204 and Bathma Excel ₹203.
Among orthodox teas, Kairbetta got ₹241 and Chamraj ₹236.
Overall, almost eighty two in step with cent of the provide turned into sold. While the common rate remained flat at ₹94.Seventy five a kg, the quantity bought rose to fourteen.84 lakh kg from ultimate week’s thirteen.89 lakh kg resulting within the overall realisation to rise to ₹ 14.06 crore from closing week’s ₹thirteen.16 crore.