Volume hits 3-week high at Coonoor tea auction

Reversing the falling trend witnessed in the give for the auctions of Coonoor Tea Trade Association in the new months, the volume catalogued for sale 32 to be held on Thursday and Friday rises to 21.98 lakh kg.

This is as substantially as two.34 lakh kg additional than the give for very last 7 days and the maximum volume of the very last 3 months.

The volume is substantial as some teas unsold in the previous auctions have been re-catalogued alongside with the fresh new teas.

Of the 21.98 lakh kg offered for this week’s auctions, as substantially as 20.forty five lakh kg belongs to CTC wide variety and only 1.fifty three lakh kg orthodox wide variety. In the leaf tea counter, only 98,000 kg belongs to orthodox when fifteen.forty five lakh kg, CTC. Among the dust tea, only fifty five,000 kg belongs to orthodox when five lakh kg, CTC. In all, 16.43 lakh kg belongs to Leaf grades and five.fifty five lakh kg, Dust grades.

No tea could cross ₹300/kg amount at very last week’s auction. The Purple Dust grade of purchased leaf manufacturing unit, Homedale Estate, auctioned by Worldwide Tea Brokers, topped the complete auctions when Tea Products and services India Pvt Ltd purchased it for ₹294 a kg. The Purple Dust grade from yet another purchased leaf manufacturing unit, Crosshill Estate, auctioned by Worldwide Tea Brokers, fetched the second maximum cost of ₹240 a kg. Pinewood Estate obtained ₹236. Even orthodox teas from corporates fetched a lot less than this.

Quotations with the brokers indicated ₹74-seventy seven a kg for simple Leaf grades and ₹145-182 for the finest grades. For simple Dust grades, they ranged ₹75-76 and for the finest grades, ₹148-186.