The slipping development witnessed in the auctions of the Coonoor Tea Trade Affiliation is to go on in Sale No: 27 to be held on Thursday and Friday. A volume of 23.23 lakh kg will be presented in the auction, which is some fourteen,000 kg considerably less than that presented in the very last auction.
The volume presented involves some teas which experienced remained unsold in preceding auctions, but a sizeable quantity is comprised of new arrivals created with eco-friendly leaf plucked just after the recent unseasonal but favourable rains.
Of the 23.23 lakh kg to be presented at this week’s auctions, as significantly as 21.97 lakh kg is of the CTC range and only one.26 lakh kg is of the orthodox range. The proportion of orthodox teas continues to be reduced in the two the leaf and dust grades. In the leaf tea counter, only 81,000 kg belongs to orthodox, while 16.57 lakh kg is of the CTC range. Between the dust teas, only forty five,000 kg belongs to orthodox, while 5.forty lakh kg belongs to the CTC range. In all, seventeen.38 lakh kg belonged to leaf grades and 5.eighty five lakh kg to dust grades.
The CTC Pekoe Dust grade of Homedale Tea Manufacturing unit, auctioned by Worldwide Tea Brokers, topped the auctions very last 7 days when Shree Abirami Enterprises bought it for ₹317 a kg. The eco-friendly tea from Pascoes Woodlands, auctioned by Paramount Tea Promoting (SI) P Ltd, was bought by Radhika Traders for ₹301 for every kg. No other tea could cross the ₹300/kg stage.
Quotations with brokers indicated ₹80-81 a kg for plain leaf grades and ₹138-one hundred ninety for the greatest grades. For plain dust grades, they ranged from ₹80-eighty five and for the greatest grades, ₹159-180.
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