June 12, 2024

Diabetestracker

Passion For Business

Over 85% sold at special tea auction

At the Second auction done by Coonoor Tea Trade Association (CTTA) to mark the Worldwide Tea Working day (ITD) as aspect of celebrations with the Tea Board, some value information were being set up.

“All teas marketed in this auction were being produced with the green leaf harvested on ITD (May 21). In all, four,043 kg was presented of which, three,468 kg was marketed. This meant that about eighty five.78 per cent of the give was marketed. The common value was ₹222.04 a kg,” CTTA Chairman L Vairavan, explained to BusinessLine.

“Some all-time higher value information were being also made,” he claimed.

“The Silver Needles excel (₹ sixteen,four hundred a kg) and Silver Needles unique (₹15,three hundred a kg) of Avataa Beverages purchased by Shree Ganesh Tea Buying and selling Co., have become all-time higher costs for any tea from any manufacturing facility in any auction anyplace in South India so considerably,” Ravichandran Broos, Basic Manager, Paramount Tea Advertising (SI) P Ltd., who auctioned the teas, claimed.

Among the orthodox teas, Havukal tea, auctioned by J Thomas and Co Pvt Ltd., topped when Siewert and Dholakia Abroad Pvt Ltd., purchased it for ₹1,510 a kg. Kodanad Speciality Tea bought ₹531.

Darmona Estate’s Red Dust, auctioned by Paramount Tea Advertising (SI) P Ltd., topped the CTC teas on give when Nisha Enterprises purchased it for ₹415 a kg. “This is a history value for us due to the fact it is the maximum value fetched for any quality of our teas given that producing commenced in our manufacturing facility 37 years back,” Darmona’s Managing Companion Dinesh Raju claimed.

Homedale Estate’s Broken Pekoe, auctioned by Global Tea Brokers, topped the CTC Leaf teas on give when Shree Ganesh Tea Buying and selling Co., purchased it for ₹411 a kg. “Since producing commenced in our manufacturing facility seventy two years back, this is the maximum value fetched for any quality of our teas,” Homedale’s Managing Companion Raman Menon claimed.