Monday, July 14, 2008

Coonoor: Leaf Market Slipped - July 14, 2008

Coonoor: Leaf market slipped by Rs 2 a kg, while dust market increased by Rs 2 with a huge volume of 15.40 lakh kgs, the highest in more than 30 months, was offered at Sale No: 28 of the auctions of the Coonoor Tea Trade Association (CTTA) here on July 12. Orthodox teas generally experienced low bids, while CTC teas got impressive demand. Pakistan continued to be the major purchaser of CTC leaf grades. It purchased cleaner blacker grainy teas. It also picked up CTC dusts. Egypt purchased smaller CTC dusts paying up to Rs 72. Poland bought bolder grades paying up to Rs 50.

High-priced CTC leaf teas declined Rs 2. Better medium and medium CTC dust teas sold dearer by Rs 2. Plainer dusts got good overall demand and fetched Rs 2 more. Among corporate buyers, Hindustan Unilever Ltd purchased better medium leaf teas. Homedale Estate received Rs 92, Deepika Supreme Rs 89, Vigneshwar Estate Rs 88, Kannavarai Estate, Selva Ganapathy Supreme and Hittakkal Estate Rs 87 each, Ella Estate, Professor and Shanthi Supreme Rs 86 each, Sree Tea Supreme and Aroma Estate Rs 84 each, Green View Estate and Warwick Rs 83 each and Highfield Estate Special Rs 82.

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