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Less demand despite low prices at Coonoor tea auctions - The Hindu BusinessLine

Less demand despite low prices at Coonoor tea auctions - The Hindu BusinessLine
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Nearly 71% tea sold at coonoor auctions - The Hindu BusinessLine

Nearly 71% tea sold at coonoor auctions January 18, 2021 × A new price record was set up by the bought leaf Factory, Homedale Tea Factory, at Sale No: 2 of the auctions of Coonoor Tea Trade Association. “Our Red Dust grade, auctioned by Global Tea Brokers (GTB), topped the entire auctions when Badhusha Tea Co., bought it for ₹ 383 a kg”, Raman A Menon, Homedale’s Managing Partner told BusinessLine. “Consequently, we have broken our last week’s price record of ₹ 381. This is a new record as it is the highest price fetched by any of our teas since manufacturing started in our factory 72 years ago”, he said.

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