Prices Decline At Coonoor Tea Sales

Coonoor: About 30 per cent of the 11.1 lakh kg of teas offered at Sale No: 25 of the auctions of the Coonoor Tea Trade Association (CTTA) last week went unsold for want of expected bids. The purchasers showed no haste to buy at higher bids as the arrivals were increasing due to the recent rains. Quality teas, however, remained to fetch high prices. Among the CTC teas from bought leaf factories, Darmona Estate, sold by J Thomas and Co, continued to fetch high bids and the top price this week was Rs 106 a kg. Highfield Estate Special, Shanthi Supreme and Homedale Estate got Rs 82.
Green View got Rs 81, while Vigneshwar Estate and Kannavarai got Rs 80. Among the orthodox teas from corporate sector, Corsley got the highest price of Rs 112 a kg, followed by Thaishola and Curzon Rs 108, Prammas Rs 107, Kairbetta Rs 105, Glendale and Kodanaad Rs 104 and Chamraj Rs 102. In general, the prices decline Rs 3 a kg over the previous week. Brighter liquoring CTC leaf lost Rs 2-3. Medium BOP and BOPS grades shed Re 1. Smaller grades could be sold only when the prices were declined Rs 3. Plainer teas lost Rs 2-3. Fannings grades suffered withdrawals. Bolder sorts eased Rs 1.50-2.