April 24, 2024


Passion For Business

Tea auction for 2021 ends today

The auctions of Coonoor Tea Trade Association (CTTA) for 2021 ends with sale 51 on Thursday.

Thereafter, the industry will remain shut for Christmas-New 12 months holiday vacation and will re-open up on January 6.

Tea Bord has declared that from sale one of 2022, all auctions in South India will swap in excess of to ‘Bharath Auction’ module from the existing ‘English auction’ module.

For the final CTTA auctions of 2021, a quantity of eighteen.36 lakh kg has been catalogued. This is one.seventeen lakh kg much more than the offer for previous week’s auctions. It includes some teas which experienced remained unsold in the past auctions.

Of the eighteen.36 lakh kg provided for this week’s auctions, as substantially as seventeen.43 lakh kg belongs to CTC variety and only ninety three,000 kg orthodox variety. The proportion of orthodox teas carries on to be reduced in both leaf and dust grades. In the leaf tea counter, only 65,000 kg belongs to orthodox even though thirteen.ninety four lakh kg, CTC. Amongst the dust tea, only 28,000 kg belongs to orthodox even though three.49 lakh kg, CTC. In all, 14.59 lakh kg belongs to Leaf grades and three.77 lakh kg, Dust grades.

“Internal enquiry was tellingly powerful for CTC dust teas previous 7 days. Especially the finer Dust teas were dearer. As substantially as ninety two per cent of the CTC dust teas was sold at an regular rate of ₹94.72 a kg”, auctioneer M Ravichandran Broos, Vice President, Paramount Tea Internet marketing (SI) P Ltd., explained to BusinessLine.

Homedale Estate’s Pink Dust quality, auctioned by World wide Tea Auctioneers Pvt Ltd (GTAPL) topped the entire auction this 7 days when Tea Companies India Pvt Ltd., bought it for ₹361 a kg. Homedale Estate’s Damaged Orange Pekoe quality, auctioned by GTAPL, topped the leaf tea auctions fetching ₹300 a kg. These were the only two grades which entered the ₹300/kg bracket. Amongst other CTC teas, Crosshill Estate Specific obtained ₹260, Vigneshwar Estate ₹241, Pinewood estate ₹240 and Deepika Supreme ₹204.

Quotations with the brokers indicated ₹73-eighty a kg for plain Leaf grades and ₹145-one hundred eighty for the most effective grades. For plain Dust grades, they ranged ₹62-seventy nine and for the most effective grades, ₹153-205.