May 05, 2021
Pascoes Woodlands Green tea topped the entire auctions last week
After the offer of the year’s highest volume for Sale No: 17 of the auctions of Coonoor Tea Trade Association, the volume has fallen by 2.51 lakh kg for Sale No: 18 to be held on Thursday and Friday.
In all, 20.81 lakh kg has been catalogued which includes some teas unsold in previous auctions but most volume is fresh arrival of the teas manufactured with the green leaf plucked after the recent unseasonal but favourable rains.
Of the 20.81 lakh kg offered for this week’s auctions, as much as 19.60 lakh kg belongs to CTC variety and only 1.21 lakh kg orthodox variety. The proportion of orthodox teas continues to be low in both leaf and dust grades. In the leaf tea counter, only 82,000 kg belongs to orthodox while 13.98 lakh kg, CTC. Among the dust tea, only 39,000 kg belongs to orthodox while 5.62 lakh kg, CTC. In all, 14.70 lakh kg belongs to Leaf grades and 6.01 lakh kg, Dust grades.
Strong demand: 87% teas sold at Coonoor auctions
May 03, 2021
Immunity booster tag fanned the offtake
Although the offer of 23.32 lakh kg for Sale 17 of the auction of Coonoor Tea Trade Association (CTTA) was the highest for any auction so far this calendar, increased demand helped as much as 19.84 lakh kg of this offer (87 per cent) to be sold despite the average price rising to ₹ 117.48 a kg from previous week’s ₹114.53.
This resulted in the overall earnings to rise to ₹23.31 crore from ₹15.78 crore, marking a growth of ₹7.53 crore or 47.72 per cent in just one week.
“Pascoes Woodlands Green tea topped the entire auctions this week when Radhika Traders bought it for ₹300 a kg”, Ravichandran Broos, General Manager, Paramount Tea Marketing (SI) P Ltd., who auctioned this tea, told
Coonoor tea auction price crashes to year’s lowest
March 01, 2021
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Following inadequate demand, the average price at sale 8 of the auctions of Coonoor Tea Trade Association nosedived to ₹ 125.62 a kg – the lowest so far in calendar 2021.
This was nearly ₹ 6 less per kg over the previous week.
Despite this, there were no takers for as much 41 per cent of the offer resulting in teas worth ₹8.53 crore remaining unsold.
The Broken Orange Pekoe CTC grade of Crosshill Estate Special, auctioned by Global Tea Brokers, topped the auctions when Tea Services India Pvt Ltd bought it for ₹ 301 a kg. This was the only tea which crossed ₹ 300/kg level this week.