Coonoor tea auction volume rises by 2.24 lakh kg

The rising craze witnessed over a fortnight in the present for the auctions of Coonoor Tea Trade Affiliation proceeds for sale 39 to be held on Thursday and Friday.

A volume of 27.08 lakh kg has been catalogued this sale which is as a lot as two.24 lakh kg far more than the present for past week’s auction.

Of the 27.08 lakh kg offered, as a lot as 25.96 lakh kg belongs to CTC assortment and only one.twelve lakh kg, Orthodox assortment. In the leaf counter, only 68,000 kg belongs to orthodox when twenty.33 lakh kg, CTC. Between the dusts, only 44,000 kg belongs to orthodox when five.sixty three lakh kg, CTC. In all, 21.01 lakh kg belongs to Leaf grades and six.07 lakh kg, Dust grades.

Lakshmi Estate topped the total auctions Final week when its Pekoe Dust quality, auctioned by Paramount Tea Internet marketing Pvt Ltd, was bought by Nilgiri Green and Co for ₹301 a kg. This was the only quality which crossed ₹300/kg mark between all the teas, CTC or orthodox, from corporate or bought leaf factories. In the CTC leaf tea auctions, Homedale Estate’s Damaged Orange Pekoe quality, auctioned by Worldwide Tea Brokers, topped at ₹295 a kg. These two grades fetched the maximum prices in this auction beating the prices of even orthodox teas from corporate factories. Between other CTC teas, Pinewood Estate obtained ₹265, Darmona Estate ₹261 and Vigneshwar Estate ₹245.

Quotations with the brokers indicated ₹158-169 a kg for simple Leaf grades and ₹210- 245 for the ideal grades. For simple Dust grades, they ranged ₹160-one hundred seventy five and for the ideal grades, ₹206-234.