COONOOR TEA AUCTIONS – 5:

 

26% COONOOR TEA REMAINS UNSOLD

 

 

By P S SUNDAR

 

 

The average price at Sale No: 27 of the auctions of Coonoor Tea Trade Association remained almost flat at ₹ 77.56 a kg but the sold volume dropped to 17.72 lakh kg from 19.17 lakh kg in the previous auctions resulting in the overall earnings to decline to ₹ 13.74 crore from ₹ 14.88 crore, marking a fall of ₹ 1.14 crore or 7.66 per cent in just one week.

This left teas worth ₹ 4.74 crore unsold as there were no takers for about 26 per cent of the offer.

This week also, no tea could enter the ₹ 300/kg bracket.

Homedale Estate’s Red Dust grade, auctioned by Global Tea Auctioneers Private Ltd., (GTAPL) topped the auctions when Benniel and Co., bought it for ₹ 290 a kg.

Homedale Estate’s Broken Orange Pekoe (BOP) grade, auctioned by GTAPL, topped the CTC leaf auctions fetching ₹ 256.   Crosshill Estate Special BOP, auctioned by GTAPL, got ₹ 255. 

Among other CTC teas, Shanthi Supreme got ₹ 226, Kannavarai Estate ₹ 225, Vigneshwar Estate ₹ 223, Deepika Supreme ₹ 221, Pinewood Estate ₹ 213, Riverside Estate ₹ 211, Hiribel Estate ₹ 203 and Bellatti Estate ₹ 202.

Among orthodox teas, Havukal got ₹ 282, Kairbetta ₹ 270, Chamraj ₹ 267, Nonsuch Orthodox ₹ 208 and Kodanad ₹ 205.   

(Response can also be sent to: pssundar.coonoor@gmail.com)