Coonoor: Homedale Estate, which had consistently remained in the high-bid bracket, created a record in Sale 8 of the auctions of the Coonoor Tea Trade Association (CTTA) here on Friday when its RD grade, auctioned by Global Tea Brokers, fetched Rs 100 a kg. Paras Tea Co bought it. This was the highest price fetched by any CTC tea at this auction. It was also the highest price the factory got so far in the auctions. Homedale’s top price in 2007 was also Rs 100, got in December. Darmona Estate, another consistent topper, got Rs 99 this week. Green View Estate got Rs 83, Deepika Supreme and Kannavarai Rs 82 and Hittakkal Rs 81. Run-up to Budget 2008-09
Among the orthodox teas from corporate sector, Curzon got Rs 128, followed by Kairbetta at Rs 124, Prammas Rs 123, Glendale and Kil Kotagiri Rs 122, Chamraj Rs 119, Mailoor Rs 117, Quinshola and Kodanaad Rs 115, Corsley Rs 111, Tiger Hill Rs 110, Erinkadu, Havukal and Craigmore Rs 105, Nonsuch Rs 103, and Sutton and Katary at Rs 102.
On the export front, Egypt bought CTC dusts paying Rs 49-51 a kg. CIS supported medium and plainer bolder grades in the range of Rs 44-47. Russia also bought some orthodox leaf grades. Pakistan selected blacker teas for Rs 49-51.
“With the exporters supporting plainer grades, their prices rose by Rs 2 a kg over last week. Medium CTC leaf teas were barely steady. High priced CTC dusts lost Rs 2. Primary orthodox dusts eased Rs 5. Blacker whole leaf grades were dearer by Rs 1-2,” an auctioneer told Business Line.
Corporate buyers
Among the corporate buyers, Hindustan Unilever lent useful support for better medium grades. JV Gokal and Bhansali were active on orthodox leaf sale. Western Indian buyers were fairly active. Karnataka traders bought unmindful of the lorry strike.
Quotations held by the brokers indicated bids ranging from Rs 43-46 a kg for the plain leaf grades and Rs 60-78 for the brighter liquoring sorts. They ranged Rs 47-50 for the plain dust grades and Rs 62-78 for the brighter liquoring varieties.
Among the orthodox teas from corporate sector, Curzon got Rs 128, followed by Kairbetta at Rs 124, Prammas Rs 123, Glendale and Kil Kotagiri Rs 122, Chamraj Rs 119, Mailoor Rs 117, Quinshola and Kodanaad Rs 115, Corsley Rs 111, Tiger Hill Rs 110, Erinkadu, Havukal and Craigmore Rs 105, Nonsuch Rs 103, and Sutton and Katary at Rs 102.
On the export front, Egypt bought CTC dusts paying Rs 49-51 a kg. CIS supported medium and plainer bolder grades in the range of Rs 44-47. Russia also bought some orthodox leaf grades. Pakistan selected blacker teas for Rs 49-51.
“With the exporters supporting plainer grades, their prices rose by Rs 2 a kg over last week. Medium CTC leaf teas were barely steady. High priced CTC dusts lost Rs 2. Primary orthodox dusts eased Rs 5. Blacker whole leaf grades were dearer by Rs 1-2,” an auctioneer told Business Line.
Corporate buyers
Among the corporate buyers, Hindustan Unilever lent useful support for better medium grades. JV Gokal and Bhansali were active on orthodox leaf sale. Western Indian buyers were fairly active. Karnataka traders bought unmindful of the lorry strike.
Quotations held by the brokers indicated bids ranging from Rs 43-46 a kg for the plain leaf grades and Rs 60-78 for the brighter liquoring sorts. They ranged Rs 47-50 for the plain dust grades and Rs 62-78 for the brighter liquoring varieties.
1 comment:
I would like to exchange links with your site commoditymarket.blogspot.com
Is this possible?
Post a Comment