Volume dips to fifteen-week low at Coonoor tea public sale by admin- Thursday, August 5th, 2021 08:02:05 AM
This is 1.25 lakh kg less quantity in only one week
The falling trend witnessed in the provide for the auctions of Coonoor Tea Trade Association in the latest weeks continues for sale 31 to be hung on Thursday and Friday while the quantity nosedives to 19.Sixty four lakh kg.
Unfavourable weather conditions are stated to have affected the harvest within the fields which, in flip, has pulled down the manufacturing in factories resulting in decrease provide of made tea for the public sale.
Of the 19.64 lakh kg presented for this week’s auctions, as a great deal as 18.31 lakh kg belongs to CTC variety and only 1.33 lakh kg orthodox range. In the leaf tea counter, most effective ninety three,000 kg belongs to orthodox, at the same time as thirteen.Fifty nine lakh kg, CTC. Among the dirt tea, simplest forty two,000 kg belongs to orthodox whilst 4.72 lakh kg, CTC. In all, 14.Fifty two lakh kg belongs to Leaf grades and five.12 lakh kg, Dust grades.
No tea may want to cross ₹three hundred/kg stage last week. Chamraj orthodox tea topped the auctions at ₹296 a kg. Among CTC teas, Homedale Estate Pekoe Dust grade, auctioned via Global Tea Brokers, topped whilst Tea Services India Pvt Ltd sold it for ₹292. In the CTC Leaf tea auction, Crosshill Estate Premium grade, auctioned through Global Tea Brokers, crowned at ₹227.
Quotations with the agents indicated ₹76-78 a kg for simple Leaf grades and ₹150-191 for the nice grades. For plain Dust grades, they ranged ₹75-79 and for the first-class grades, ₹a hundred and fifty-198.