Year s second highest volume for Coonoor tea auction even as Ramadan fast begins thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Over 83% Coonoor tea sold as prices nosedive to year’s lowest
April 13, 2021
Overall earnings up by ₹3.68 crore in just one week to reach ₹16.06 crore
With the average price crashing to ₹ 117.64 a kg the lowest so far this calendar as much as 83.09 per cent of the offer at sale 14 of the auction of Coonoor Tea Trade Association was sold.
This resulted in the overall earnings to rise by ₹ 3.68 crore or 29.73 per cent in just one week to reach ₹ 16.06 crore.
Homedale Estate’s Pekoe Dust grade, auctioned by Global Tea Brokers, topped the entire auction when Dhruv Enterprises bought it at ₹ 317 a kg. Homedale Estate’s Red Dust grade, auctioned by Global Tea Brokers, followed at ₹ 303. These were the only teas which crossed ₹ 300/kg mark.
February begins on better note for Coonoor tea auction
February 08, 2021
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February has begun on a better note for tea trade in The Nilgiris as the earnings at the first auction for the month conducted by Coonoor Tea Trade Association rose to ₹16.35 crore from ₹13.90 crore in the last auction of January.
This means, the earnings increased by ₹2.45 crore in just one week – in the first auction after the Budget was presented.
This happened because 12.19 lakh kg was sold against 10.51 lakh kg in the previous week despite the average price rising to ₹ 134.11 per kg from ₹ 133.25 in end January.
After two weeks, price crossing ₹ 300/kg was noticed. The Red Dust grade tea of bought leaf factory Homedale Estate, auctioned by Global Tea Brokers, topped the entire auctions this week when Dhruv Enterprises bought it for ₹ 301 per kg.