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Updated: The move comes after several reports of illegal tree-felling in the bio-diverse area Share Article AAA The checkpost will be manned by forest department staff, with the location chosen being located at an important junction that leads to some of the most pristine, bio-diverse areas in the lower Nilgiri slopes | Photo Credit: Special Arrangement The move comes after several reports of illegal tree-felling in the bio-diverse area Following reports of incidents of illegal tree-felling in Kil Kotagiri, the Forest Department has set up a manned check-post to keep tabs on the movement of freight vehicles carrying timber from the area. ....
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 ....
93% tea sold at Coonoor auctions April 26, 2021 Average price crashes to year’s lowest As much as 93 per cent of the offer at sale 16 of the auction of Coonoor Tea Trade Association (CTTA) was sold with the average price crashing to year’s lowest level of ₹114.53 a kg – just 27 paise less than the previous week. This was the highest sale percentage among all the auctions held so far this calendar. “With reports of drought-like situation prevailing in North Indian plantations, upcountry buyers, apprehending shortfall in supply of those teas, picked up larger volumes in our auction to build up stocks which increased the sale percentage”, CTTA Chairman L Vairavan told ....
26% teas remain unsold at Coonoor sales April 19, 2021 No takers despite price crashing to year’s lowest There were no takers for about 26 per cent of the offer worth ₹ 5.60 crore at Sale No: 15 of the auction of Coonoor Tea Trade Association despite the average price crashing to year’s lowest level of ₹ 114.80 a kg. On the one hand, the volume offered – 18.65 lakh kg – was the year’s second highest quantity. On the other, demand was not matching this supply as some upcountry buyers said that before investing on high priced teas, they would wait to see if there would be any trade restrictions in the wake of second wave of Covid-19. ....