Coonoor tea auction offer down 2.51 lakh kg

After the present of the year’s optimum volume for Sale No: 17 of the auctions of Coonoor Tea Trade Association, the volume has fallen by two.fifty one lakh kg for Sale No: eighteen to be held on Thursday and Friday.

In all, 20.81 lakh kg has been catalogued which consists of some teas unsold in past auctions but most volume is fresh arrival of the teas manufactured with the environmentally friendly leaf plucked just after the new unseasonal but favourable rains.

Of the 20.81 lakh kg provided for this week’s auctions, as much as 19.sixty lakh kg belongs to CTC selection and only 1.21 lakh kg orthodox selection. The proportion of orthodox teas continues to be lower in both leaf and dust grades. In the leaf tea counter, only 82,000 kg belongs to orthodox even though thirteen.ninety eight lakh kg, CTC. Among the the dust tea, only 39,000 kg belongs to orthodox even though five.62 lakh kg, CTC. In all, fourteen.70 lakh kg belongs to Leaf grades and six.01 lakh kg, Dust grades.

Pascoes Woodlands Eco-friendly tea, auctioned by Paramount Tea Marketing and advertising (SI) P Ltd., topped the complete auctions last week when Radhika Traders purchased it for ₹300 a kg. Among the CTC teas, Homedale Estate’s Broken Orange Pekoe quality, auctioned by Global Tea Brokers, topped when Oswal Tea Traders purchased it for ₹ 296 a kg. Pinewood Estate got ₹ 256, Crosshill Estate Unique ₹ 251 and Vigneshwar Estate ₹ 200.

Quotations with the brokers indicated ₹ ninety eight-104 a kg for simple Leaf grades and ₹ one hundred fifty five-186 for the most effective grades. For simple Dust grades, they ranged ₹ 96-104 and for the most effective grades, ₹ 151-200.

The demand from customers has been visibly up in the last number of auctions thanks to improved absorption in the context of mounting Covid-19 situations as buyers greatly believe throughout the globe that tea allows in building immunity.