Coonoor: Darmona Estate has made a new record at the auctions of the Coonoor Tea Trade Association (CTTA) when its RD grade sold by J. Thomas and Co P Ltd, was purchased by Sree Abirami Enterprises for Rs 114 a kg. This was the highest price fetched by any grade of CTC teas so far in 2007. For that matter, only Darmona Estate had been fetching over Rs 100 a kg and the highest price before this was Rs 110 for its RD grade sold by J. Thomas on May 28. At this week's sale, among the CTC teas from bought-leaf factories, Highfield Estate Special, Vigneshwar Estate and Hittakkal Estate got Rs 83 a kg.
Darmona's price was higher than most offers of even the orthodox teas from corporate sector. Prices increased for quality offers, but declined for others. In all, 10.15 lakh kg were offered. Orthodox leaf suffered from sluggish demand. Among the corporate purchasers, Hindustan Unilever Ltd was active on medium sorts. Pakistan purchased well made fannings and blacker teas. Exporters to the CIS actively bought bolder brokens. The bottom price continued to be Rs 31 a kg. A good volume was sold for Rs 31-34. Quotations held by the brokers indicated bids ranging from Rs 31 to 33 for the plain dusts and Rs 65-83 for the brighter liquoring teas.
Source : www.indian-commodity.com
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