Coonoor: Market was erratic as the high-bid demand was not wide-spread to absorb the huge volume on offer at Sale No 15 of the Coonoor Tea Trade Association here on Friday.
The volume of 10.56 lakh kg on offer was the highest of the past 21 weeks.
“Following selective demand, prices for all leaf varieties eased. Bolder brokens lost significantly. In the dust sale, brighter liquoring, good medium and medium sorts were dearer while plainer teas came to an easier market,” an auctioneer told Business Line.
Homedale Estate was the only brand in the Rs 100-plus category among the CTC teas from bought-leaf factories. Its RD grade, sold by Global Tea Brokers, fetched the highest price this week at Rs 108 a kg. Manoj Enterprises, Coimbatore, bought it. Darmona Estate got Rs 88, Greenview Estate Rs 84, Professor and Vigneshwar Estate Rs 82, Deepika Estate Rs 81, Seva Ganapathy Supreme and Hittakkal Estate Rs 80.
Among the orthodox teas from the corporate sector, Tiger Hill clonal got Rs 114 a kg, followed by Chamraj Rs 113, Colacumby Rs 110, Sutton Rs 106, Mailoor and Prammas Rs 104, Glendale, Kodanaad, Curzon and Corsley Rs 100.
“Brokens and fanning orthodox teas eased Rs 1-2 a kg. Primary BOPD lost Rs 5, while other orthodox dusts Rs 3. High-priced CTC leaf lost Rs 2-3 and better mediums Rs 2, but high-priced CTC dust gained Rs 2. Good mediums were dearer by more than Rs 2. Some orthodox primary dusts suffered withdrawals,” an auctioneer said. Among exporters, Pakistan was active only on the lower end of the market for blacker descriptions. Some Egyptian was seen for medium and plainer CTC dusts. Poland and CIS shippers operated on bolder brokens.
Quotations held by the brokers indicated bids ranging from Rs 45-47 a kg for the plain leaf grades and Rs 62-77 for the brighter liquoring sorts. They ranged Rs 48-50 for the plain dust grades and Rs 62-80 for the brighter liquoring sorts.
The volume of 10.56 lakh kg on offer was the highest of the past 21 weeks.
“Following selective demand, prices for all leaf varieties eased. Bolder brokens lost significantly. In the dust sale, brighter liquoring, good medium and medium sorts were dearer while plainer teas came to an easier market,” an auctioneer told Business Line.
Homedale Estate was the only brand in the Rs 100-plus category among the CTC teas from bought-leaf factories. Its RD grade, sold by Global Tea Brokers, fetched the highest price this week at Rs 108 a kg. Manoj Enterprises, Coimbatore, bought it. Darmona Estate got Rs 88, Greenview Estate Rs 84, Professor and Vigneshwar Estate Rs 82, Deepika Estate Rs 81, Seva Ganapathy Supreme and Hittakkal Estate Rs 80.
Among the orthodox teas from the corporate sector, Tiger Hill clonal got Rs 114 a kg, followed by Chamraj Rs 113, Colacumby Rs 110, Sutton Rs 106, Mailoor and Prammas Rs 104, Glendale, Kodanaad, Curzon and Corsley Rs 100.
“Brokens and fanning orthodox teas eased Rs 1-2 a kg. Primary BOPD lost Rs 5, while other orthodox dusts Rs 3. High-priced CTC leaf lost Rs 2-3 and better mediums Rs 2, but high-priced CTC dust gained Rs 2. Good mediums were dearer by more than Rs 2. Some orthodox primary dusts suffered withdrawals,” an auctioneer said. Among exporters, Pakistan was active only on the lower end of the market for blacker descriptions. Some Egyptian was seen for medium and plainer CTC dusts. Poland and CIS shippers operated on bolder brokens.
Quotations held by the brokers indicated bids ranging from Rs 45-47 a kg for the plain leaf grades and Rs 62-77 for the brighter liquoring sorts. They ranged Rs 48-50 for the plain dust grades and Rs 62-80 for the brighter liquoring sorts.
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