Increases Coonoor Tea Rates For Demand - June 30,2008

Coonoor: Despite a immense offer of 13.82 lakh kgs the highest for any single auction in more than two years prices increased Rs 2 a kg on the average at Sale No: 26 of the auctions of Coonoor Tea Trade Association (CTTA) on June 27 because demand was adequate to absorb the volume. Exporters said that Pakistan found it advantageous to acquire here in the context of tight supplies and high prices at Kenya's Mombassa auctions where it is used to pick up the bulk of its requirements. CIS bought blacker smaller sorts paying Rs 50. Internal purchasing was generally strong. Western Indian buyers operated actively on the bright liquoring teas.

Whole leaf orthodox grades were dearer by Rs 3-4 a kg. Brokens and fannings got Rs 2 more. High-priced CTC teas were up by Rs 1-2. Primary orthodox dusts got Rs 3-5 more. Its BOPF grade got Rs 110 a kg, the highest price for any CTC tea from bought-leaf sector at the auction. Darmona was the only factory to remain in Rs 100 and plus category. Homedale Estate received Rs 97, Hittakkal Estate and Shanthi Supreme Rs 90 each, Professor Rs 87, Vigneshwar Estate, Ella Estate and Kannavarai Estate Rs 86 each, Highfield Estate Special, Aroma Estate and Green View Estate Rs 85 each, Deepika Supreme and Sree Tea Supreme Rs 84 each, UPASI Rs 83, Garswood Estate Rs 82, Selva Ganapathy Supreme Rs 80.