March 29, 2024

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Coonoor tea auctions end the year with rise in price

The auctions of Coonoor Tea Trade Affiliation for the year 2020 ended with the regular cost soaring to ₹114.37 a kg from ₹112.17 in the previous auction.

In the closing auction (Sale No: fifty two), the oldest bought leaf manufacturing unit in Kotagiri location, which is now celebrating its Platinum Jubilee, topped the whole auctions when its Damaged Orange Pekoe Little Leaf grade, auctioned by World-wide Tea Brokers, was bought for ₹291/kg by Vora Sons.

“This is the optimum cost fetched by this grade ever because producing begun in our manufacturing unit 75 years back,” Crosshill’s Running Director, Jagdeep Raju, instructed BusinessLine.

“Our two other grades, auctioned by World-wide Tea Brokers, occupied the future two places in the CTC Leaf Tea auctions fetching ₹231 and ₹224. In the CTC Dust tea auctions, our two grades, auctioned by World-wide Tea Brokers, topped at ₹227 and ₹222. In all, our five grades topped the CTC tea auction,” he claimed.

Pinewood Estate was the only other CTC manufacturing unit to get around ₹200/kg with its optimum staying ₹216/kg.

Between orthodox teas, Chamraj topped at ₹276/kg adopted by Kodanad ₹250/kg, Glendale ₹246/kg, Goldsland Choose ₹231/kg, Devashola, Nonsuch Orthodox and Lockhart Gold ₹226/kg each and every, Havukal ₹220/kg, Kairbetta and Lockhart ₹216/kg each and every, Kil Kotagiri ₹210/kg and Goldsland ₹205/kg.

The sector will remain shut for a fortnight for Christmas-New 12 months celebrations close to the planet and the first auction for 2021 will be held on January seven.