A new rate record become set at the auctions of Coonoor Tea Trade Association (CTTA) at Sale 2 this week while the Super Red Dust grade of Homedale Tea Factory, auctioned by Global Tea Brokers (GTB), was bought via Tea Services India Pvt Ltd for ₹302 a kg.

This turned into the most effective tea, CTC or orthodox, from any manufacturing unit, small-scale or corporate, to exceed the ₹three hundred/kg stage.

In 2019, CTTA honoured Homedale Tea Factory’s companions Raman Menon and Prashant Menon, GTB’s Managing Director Rajesh Gupta and the customer Oswal Tea Traders’ proprietor Harish Baradia for fetching the very best rate of the year. But that point, the rate turned into ₹301, while it’s far ₹302 now.

In the Leaf auctions, Homedale’s tea, auctioned by way of GTB, crowned at ₹ 271 according to kg. No different CTC tea entered the excessive-price bracket of ₹200/kg in both Leaf and Dust auctions.

The highest rate fetched by using orthodox teas from the corporate sector turned into ₹ 261 a kg via Kodanad. Chamraj got ₹242, Kairbetta ₹ 241, Nonsuch orthodox ₹208 and Glendale ₹ 201.

Overall, teas really worth ₹ four.01 crore remained unsold as there were no takers for approximately 29 according to cent of the provide as call for from upcountry customers and exporters become yet to choose up after the iciness holidays for the investors.