Year s highest volume catalogued for sale at Coonoor tea auctions 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.
12-week high price at Coonoor tea auction
May 17, 2021
No takers for 20% of the offer
The average price at Sale 19 of the auction of Coonoor Tea Trade Association (CTTA) rose to a 12-week high level of ₹125.87 a kg – up from previous week’s ₹121.53.
However, as various States imposed stringent Covid-19 restrictions, the demand was generally weak resulting in withdrawals across the different lots.
In all, teas worth ₹5.78 crore remained unsold as there were no takers for some 20 per cent of the offer.
“The green tea of Pascoes Woodlands topped the entire auctions when Komal Enterprises bought it for ₹301 a kg,” Ravichandran Broos, General Manager of Paramount Tea Marketing, who auctioned this tea, told
Tea auctions resume after closure for Ramalan
May 15, 2021
Collector exempts tea auctions from ongoing lockdown The weekly Dust tea auctions of Coonoor Tea Trade Association which are normally held on Fridays will be held on Saturday this week because the market was closed on Friday for Ramalan / Ramadan festival.
In all, 7.08 lakh kg Dust grade will be offered for this Sale No: 19. Of this, 6.53 lakh kg belongs to CTC variety and 55,000 kg, orthodox variety.
Together with the leaf grades, a total of 22.89 lakh kg is being offered for this sale which will conclude on Saturday.
It is the second highest volume so far this calendar – just 43,000 kg less than the year’s highest volume of 23.32 lakh kg offered a fortnight ago.
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