Volume slips to ten-month low in Coonoor tea auctions by admin- Thursday, January 20th, 2022 07:49:57 AM
A volume of thirteen.05 lakh kg has been catalogued for sale three of the auctions of Coonoor Tea Trade Association to be hung on Thursday and Friday.
This is as plenty as 3.75 lakh kg much less than the provide for remaining sale. It is the bottom extent of the past 10 months.
The decrease quantity arose mainly due to adverse iciness. “Heavy crop loss took place at some stage in the October-December quarter because of extended misty climate. Crop loss got irritated due to high incidence of blister blight sickness”, KG Udaya Bhanu, Deputy Director of UPASI Tea Research Foundation, said.
He stated that in particular, during December, production in The Nilgiris, the biggest tea developing district of South India, declined by using as much as 37.Five in step with cent over December 2020.
“Besides, important festivals stored farmers and employees away from the sphere in January – the ‘Hethaiamman’ festival, the most distinguished festival of the Baduga, the fundamental community among small growers, and Pongal. Consequently, harvesting of green leaves suffered resulting in decrease manufacture and lesser arrival of teas for the auctions”, defined S Ramu, Chairman, Small Tea Growers’ Association of Southern India (STASI).
Of the thirteen.05 lakh kg supplied for this week’s auctions, as a whole lot as 12.04 lakh kg belongs to CTC range and best 1.01 lakh kg orthodox range. In the leaf tea counter, simplest 76,000 kg belongs to orthodox whilst 9.Sixty one lakh kg, CTC. Among the dirt tea, best 25,000 kg belongs to orthodox while 2.Forty three lakh kg, CTC. In all, 10.37 lakh kg belongs to Leaf grades and a pair of.Sixty eight lakh kg, Dust grades.
Crosshill Estate crowned the auctions final week whilst its Red Dust grade, auctioned by means of Global Tea Auctioneers Private Ltd., (GTAPL) become sold by Tea Services India Private Ltd., for ₹326 a kg. Crosshill Estate’s Pekoe Dust grade, auctioned by way of GTAPL, accompanied at ₹305 a kg. In the CTC Leaf tea public sale, grades of Homedale Estate, auctioned via GTAPL, topped at ₹320 and ₹310 every. Pinewood Estate followed at ₹304. These were the handiest CTC grades which crossed ₹300/kg mark.
Quotations with the brokers indicated ₹74-eighty one a kg for simple Leaf grades and ₹a hundred seventy five-209 for the first-class grades. For undeniable Dust grades, they ranged ₹74-87 and for the best grades, ₹193-241.