Worth ₹thirteen.22 crore last unsold; lockdown in many States affected the purchases

When the yr’s maximum volume of 27.Fifty five lakh kg was supplied for Sale No: 23 of the public sale of Coonoor Tea Trade Association (CTTA), the average fee crashed to 12 months’s lowest stage of ₹111.86 a kg.

For that count, this turned into the lowest price due to the fact that December 11, 2020 while the average price changed into ₹108.12.

Nevertheless, there had been no takers for about forty four in line with cent of the offer ensuing in teas really worth as a lot as ₹thirteen.22 crore ultimate unsold.

“The inexperienced tea from Pascoes Woodlands crowned the entire auctions while Shyam Enterprises bought it for ₹309 a kg,” Ravichandran Broos, General Manager, Paramount Tea Marketing (SI) P Ltd., who auctioned this tea, advised BusinessLine.

Kodanad orthodox got ₹271 a kg, Glendale ₹229, Havukal and Kairbetta ₹215 every, Chamraj ₹206 and Nonsuch Orthodox ₹205

Among CTC teas, Homedale Estate’s Broken Pekoe grade, auctioned via Global Tea Brokers, topped whilst Nish Enterprises sold it for ₹294 a kg.

Pinewood Estate got ₹224 and Hittakkal Estate ₹206.

Lockdown in many States affected the purchases with some shoppers complaining of non-receipt of bills from upcountry traders for the teas already transported. Exporters have been also selective.

“Besides, this week, there was heavy disruption in the cloud server and the public sale was stopped for over two hours because of this. Many consumers left the auction platform not able to tolerate long hours of inactive wait,” stated CTTA Chairman L Vairavan.