Prices crash to year’s lowest in Coonoor tea auctions
April 05, 2021
Still, 30% teas worth ₹ 5.28 cr unsold due to less demand
Despite the average price crashing to ₹120.11 a kg – the lowest so far this calendar, there were no takers for about 30 per cent of the offer at Sale No: 13 of the auction of Coonoor Tea Trade Association as the demand was less due to Good Friday / Easter holidays.
Consequently teas worth about ₹5.28 crore remained unsold.
Homedale Estate’s Red Dust grade, auctioned by Global Tea Brokers, topped the entire auction when GLT Enterprises bought it at ₹305 a kg.
Among other CTC teas, Pinewood Estate got ₹302, Crosshill Estate Special ₹ 220, Vigneshwar Estate ₹ 219 and Hittakkal Estate ₹ 206,