Teas well worth ₹3.11cr unsold at Coonoor auctions

Teas well worth ₹3.11cr unsold at Coonoor auctions

by admin- Tuesday, February 5th, 2019 08:31:41 AM

Teas worth about ₹three.Eleven crore remained unsold at Sale No: 5 of the auctions of Coonoor Tea Trade Association no matter the common charges falling to ₹100 a kg from the previous week’s ₹one zero one.25 because of inadequate call for at higher prices.

In a few cases, exporters have been visible to stay silent. Overall, there had been no takers for some 25 consistent with cent of the provide.

The Coonoor-primarily based Homedale Tea Factory, a small-scale offered leaf tea factory, topped the complete auctions beating the costs of even orthodox teas from company area.

Homedale Estate Red Dust grade, auctioned by using Global Tea Brokers, topped the whole auctions while JP Enterprises offered it for ₹285 a kg.

In the CTC Leaf tea auctions, two grades of Pinewood Estate crowned at ₹211 and ₹ 201 each. No different CTC tea could enter the high-fee bracket of ₹200/kg.

Among orthodox teas, Kodanad crowned at ₹261 a kg accompanied by means of Kairbetta ₹251, Chamraj ₹249 and Mailoor ₹211.

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