Over 3 lakh kg less tea on offer for Coonoor auctions

A quantity of 22.37 lakh kg is becoming presented for Sale No: 26 of the auction of Coonoor Tea Trade Association to be held on Thursday and Friday.

It is as significantly as 3.55 lakh kg significantly less than the supply for the last auctions.

The quantity presented includes some teas unsold in preceding auctions but sizeable quantity is fresh arrival of the teas produced with the inexperienced leaf plucked soon after the the latest unseasonal but favourable rains.

Coonoor tea auction costs dip to new low

Orthodox tea share stays low

Of the 22.37 lakh kg presented for this week’s auctions, as significantly as 21 lakh kg belongs to CTC variety and only 1.37 lakh kg orthodox variety. The proportion of orthodox teas continues to be low in both equally leaf and dust grades. In the leaf tea counter, only 92,000 kg belongs to orthodox although sixteen.sixty one lakh kg, CTC. Amid the dust tea, only forty five,000 kg belongs to orthodox although five.39 lakh kg, CTC. In all, seventeen.53 lakh kg belongs to Leaf grades and five.84 lakh kg, Dust grades.

Two grades of tea from the smaller-scale acquired leaf tea factory Homedale Tea Manufacturing facility topped the whole auction last week, beating the costs from even corporates. Its CTC Pekoe Dust quality, auctioned by Global Tea Brokers, topped the auctions when Tea Companies India Pvt Ltd acquired it for ₹305 a kg. Homedale Estate’s Broken Orange Pekoe quality, auctioned by Global Tea Brokers, followed it and topped the CTC Leaf auction, fetching ₹301 a kg. No other tea could cross the ₹ 300/kg mark.

Above eighty five% bought at particular tea auction

Quotations with the brokers indicated ₹80-82 a kg for plain Leaf grades and ₹150-189 for the best grades. For plain Dust grades, they ranged at ₹ 80-87 and for the best grades, ₹ 161-206.