Coonoor Tea Prices Decline

Coonoor: Prices declined by Rs 3 a kg on an average at the sale No. 25 of the auctions of Coonoor Tea Trade Association (CTTA) held here on June 30, as the demand was inadequate to absorb the huge volume at high bids. The bottom level dipped to a new low of Rs 35 a kg. The volume of 12.43 lakh kg offered is the highest so far this year. It is 1.34 lakh kg more than the offer last week. The volume is increasing week-after-week. Most teas could be sold only when the prices shed Rs 3 a kg. CTC leaf medium teas lost Rs 2 to 3 a kg. Sizable volumes were withdrawn for want of adequate bids. Plainer sorts suffered from poor demand and lost more than Rs 3 a kg when sold. Most CTC dusts eased up to Rs 2 a kg. Better medium dusts shed more than Rs 4 a kg.