Coimbatore Tea Auction Sees Fair Demand

Coimbatore: The tea offerings at the weekly auction conducted at the Tea Trade Association of Coimbatore soared to 4.73 lakh kg, with leaf grades accounting for 1.77 lakh kg of the total offerings. There was fair demand for the orthodox leaf. The market for high grown and mediums saw an easier trend by Rs 2 to Rs 3 a kg. The market was easier by Re 1 to Rs 2 a kg. Exporters and internal purchasers lent fair support. The major blender operated on medium teas selectively. There was a fair demand for the CTC dust at lower levels. Internal purchasers were the main stay of the market with selective support from HLL/AVT/INDCO and local packeteers. The orthodox high grown was quoting between Rs 56 and Rs 72 a kg, while the best CTC teas slipped to Rs 47 and Rs 52 price band.