Coonoor Tea Prices Fell

Coonoor: Prices for brighter liquoring teas managed to increase in a market which generally fell by Rs 2-3 a kg with the demand being confined to quality offers at Sale No: 36 of the Coonoor Tea Trade Association held here on Sept 7. Some 30 per cent of the 10.02 lakh kg on offer went unsold for want of acceptable bids. Whole leaf orthodox gained Rs 2-3 a kg over last week. But, brokens and fannings on the average lost Rs 2 a kg. Medium CTC leaf lost more than Rs 2. Most CTC dusts could be sold only when prices shed Rs 2-3. Quotations held by the brokers indicated bids ranging from Rs 31-34 a kg for the plain dusts grades and from Rs 65-77 for the brighter liquoring grades. They ranged Rs 32-25 a kilo for the plain leaf grades and Rs 62-69 for the brighter liquoring grades.

Western Indian purchasers were selective on quality invoices. Karnataka buyers were selective on orthodox grades. JV Gokal and Girnar increased whole leaf orthodox grades. On the export front, Pakistan bought blacker cleaner grades for Rs 38-40 a kg. CIS shippers picked up medium and plainer bolder grades for Rs 35-40. This week, its RD teas fetched the highest price of Rs 107 a kg. Hittakkal Specialty got Rs 88, Homedale Estate Rs 84 and Vigneshwar Estate Rs 80.