Three CTC leaf teas top Coonoor auctions
February 22, 2021
Three CTC leaf grades – Crosshill Estate Special, Pinewood Estate and Pinewood Premium – topped the entire auctions of sale 7 of Coonoor Tea Trade Association fetching ₹300 a kg each.
Among other CTC teas, Riverside Estate got ₹ 225, Homedale Premium ₹ 217, Vigneshwar Estate ₹ 216, Kannavarai Estate₹ 213, Waver Tree and Palmera Estate ₹ 211 each, Shanthi Supreme and Bellatti Estate ₹ 209 each, Hittakkal Estate ₹ 208 and Professor Superfine ₹ 200.
Among orthodox teas, Kodanad got ₹ 275, Havukal ₹ 253, Kairbetta ₹ 242, Kil Kotagiri ₹ 221, Devashola ₹ 211 and Narikkal Estate ₹ 201.
Overall, teas worth ₹ 7.77 crore remained unsold as there were no takers for as much as 40 per cent of the offer.
This was despite the average price dropping to ₹ 131.51 a kg – the lowest so far in calendar 2021.
Green teas top at the coonoor tea auctions
February 15, 2021
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Two grades of green tea topped the auctions of Sale No 6 of the Coonoor Tea Trade Association.
“The ‘super fine’ Green Tea grade of Pascoes Woodlands topped the entire auctions when BR Tea Co bought it for ₹321 a kg”, Ravichandran Broos, General Manager, Paramount Tea Marketing P Ltd told
BusinessLine
.
“The ‘MONGRA’ Grade Green tea of Pascoes Woodlands came next when Jai Tulsi Enterprises bought it for ₹296 a kg”, he said.
Among orthodox teas, Kodanad got ₹263, Havukal ₹261, Kairbetta ₹250, Glendale ₹232, Nonsuch Orthodox ₹226, Kil Kotagiri ₹223, Narikkal Estate ₹215, Devashola ₹205 and Mailoor ₹200.
Among other CTC teas, Pinewood Estate got ₹265, Crosshill Estate Special ₹256, Riverside Estate ₹221, Hittakkal Estate ₹219, Bellatti Estate ₹216, Shanthi Supreme ₹215, Homedale Premium ₹206, Kannavarai Estate ₹202, Selva Ganapathy Premium and Navilkal Estate �
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.
February 03, 2021
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Teas worth ₹ 4.13 crore remained unsold at Sale No: 4 of the auctions of Coonoor Tea Trade Association (CTTA) as there were no takers for about 23 per cent of the offer despite the average price dropping to ₹ 132.25 a kg – the lowest so far in calendar 2021.
The demand was generally less compared to the previous weeks as upcountry buyers and exporters turned selective for some grades.
For the second consecutive week in 2021, no tea could cross ₹ 300/kg mark.
The Pekoe Dust grade of the bought leaf tea factory, Crosshill Tea Factory, auctioned by Global Tea Brokers, topped the entire auctions when Shreeji Traders bought it for ₹ 263 a kg.
Nearly 71% tea sold at coonoor auctions
January 18, 2021
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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.