Stay updated with breaking news from Nishanthi traders. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Prices crash to 16-month low at coonoor tea auction - The Hindu BusinessLine 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.
Year’s highest volume for Coonoor tea auction, helps to bridge shortfall in north Indian supplies April 29, 2021 × The volume of 23.32 lakh kg catalogued is the highest which is 8.26 lakh kg more than the previous auction A massive increase has happened in the offer for Sale No: 17 of the auctions of Coonoor Tea Trade Association which will conclude on Friday. The volume of 23.32 lakh kg catalogued is the highest offer in any auction so far this calendar. It is a whopping 8.26 lakh kg more than the previous auction. The arrival of fresh teas manufactured from the green leaf plucked after the recent favourable rains as also the re-cataloguing of some teas unsold in previous weeks has resulted in the year’s highest offer this week. ....
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 ....