CTC Dust Touches Rs 100/Kg At Coimbatore Sales - Sep 13, 2008

Coimbatore: At the Coimbatore tea auction, brokers and producers had reason to cheer, when for the first time, the CTC dust reached the Rs 100-a-kg-mark, creating a record of sorts. Packeteers such as AVT, Tata Tea and Indco, purchasers of loose tea and exporters operating for Pakistan finished actively on the CTC dust grades. Contemporary Tea Auctioneers Pvt Ltd managed to sell Karamalai Royal CTC Tea (NRC) of Peria Karamalai Tea and Produce Co Ltd at Rs 100/kg. Teas moved to Kochi as the Onam demand witnessed signs of pick up. CTC dust price increased by about Rs 20/kg over the past nine months, starting at Rs 70/kg in January