Friday, October 10, 2008

Coonoor Auction Sees Quality Teas Fetch Premium - Oct 10, 2008

Coonoor: Despite rates falling and teas getting withdrawn from Sale No. 40 of the Coonoor Tea Trade Association (CTTA) auction last weekend, quality invoices got premium prices, an analysis of the buying pattern reveals. The Quotations held by brokers shows bids ranging from Rs 68-73 a kg for plain leaf grades and Rs 90-96 for the brighter liquoring sorts. They ranged Rs 73-76 a kg for plain dust grades and Rs 100-118 for brighter liquoring sorts. As many as 25 marks of CTC teas of bought-leaf factories remained in Rs 100 price-band.

Five marks of Darmona Estate, auctioned by J Thomas and Co, sold well above Rs 100 a kg in the CTC bought-leaf segment. Two of its dusts grades, SRD and SFD, got the week's highest price of Rs 119 a kg each. Three were dust grades - BOPF (Rs 117), BOP (Rs 111) and BP (Rs 110). Likewise, five marks of Homedale Tea Factory, auctioned by Global Tea Brokers, entered Rs 100 price-band.

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