Coonoor: Producers who sold their teas via the 31 auctions conducted by Coonoor Tea Trade Association (CTTA) in the first half of this year got Rs 82.25 crore more than in the same period last year. An analysis of the market reports shows that this happened because a higher volume was sold for a higher price. Overall earnings Consequently, the overall earnings increased to Rs 174.19 crore (Rs 91.94 crore), marking an increase of 89.46 per cent. Prices of orthodox teas moved up by Rs 4 a kg to average at Rs 61.02. A volume of 2.04 million kgs was sold, against 1.76 million kgs last year. Prices of CTC teas increased by Rs 12 a kg to average Rs 57.44. A volume of 2.82 crore kgs (1.82 crore kgs) was sold.
Showing posts with label CTTA. Show all posts
Showing posts with label CTTA. Show all posts
Wednesday, August 20, 2008
Tuesday, August 19, 2008
Auctions Of Coonoor Tea Trade Association - Aug 19 , 2008
Coonoor: Pakistan, which was the backbone of the CTC leaf market at the auctions of Coonoor Tea Trade Association (CTTA) for a few months now, decreased its buys at Sale No: 33 this week in the backdrop of Tea Board's exposure of alleged adulteration in a Nilgiri factory in teas for shipment to Pakistan. CIS purchased bolder varieties in the range of Rs 61 to 70 a kg. Egypt purchased medium CTC dusts for up to Rs 64. Teas for European ports were purchased for up to Rs 72. Kenya purchased CTC medium smaller dusts for up to Rs 65.
Monday, July 28, 2008
Darmona Tea Reports New Record At Coonoor Auction - July 28 , 2008
Coonoor: Five different verities of Darmona Estate and Tea Industry, auctioned by J. Thomas and Co, shot into the Rs 100 price-band at Sale No: 30 of the auctions of the Coonoor Tea Trade Association (CTTA) here on July 25. Darmona made record in both the leaf and dust market.
Its broken pekoe (BP) grade got Rs 100 a kg, while broken orange pekoe fannings (BOPF) grade got Rs 106. In the dust market, its red dust (RD) grade got Rs 100 a kg, pekoe dust (PD) got Rs 112, the highest in this week's dust market. Homedale Estate's RD grade also got Rs 100 a kg.
Hittakkal Estate got Rs 94, Highfield Estate Special Rs 93, Vigneshwar Estate and Shanthi Supreme got Rs 92 each, Ella Estate and Warwick Estate Rs 89 each, Green View Supreme, Professor, Deepika Supreme and Sree Tea Supreme Rs 88 each, Kannavarai Estate and Aroma Estate Rs 87 each and Selva Ganapathy Supreme Rs 83. Among the orthodox teas from corporate sector, Chamraj got Rs 128, Mailoor Rs 124, Tiger Hill and Havukal Rs 121 each, Coonoor Tea Rs 120, Thaishola Rs 119, Parkside Rs 113, Glendale and Corsley Rs 112 each, Curzon Rs 111, Prammas Rs 110, Colacumby Rs 109, Craigmore Rs 106 and Kairbetta Rs 100.
Its broken pekoe (BP) grade got Rs 100 a kg, while broken orange pekoe fannings (BOPF) grade got Rs 106. In the dust market, its red dust (RD) grade got Rs 100 a kg, pekoe dust (PD) got Rs 112, the highest in this week's dust market. Homedale Estate's RD grade also got Rs 100 a kg.
Hittakkal Estate got Rs 94, Highfield Estate Special Rs 93, Vigneshwar Estate and Shanthi Supreme got Rs 92 each, Ella Estate and Warwick Estate Rs 89 each, Green View Supreme, Professor, Deepika Supreme and Sree Tea Supreme Rs 88 each, Kannavarai Estate and Aroma Estate Rs 87 each and Selva Ganapathy Supreme Rs 83. Among the orthodox teas from corporate sector, Chamraj got Rs 128, Mailoor Rs 124, Tiger Hill and Havukal Rs 121 each, Coonoor Tea Rs 120, Thaishola Rs 119, Parkside Rs 113, Glendale and Corsley Rs 112 each, Curzon Rs 111, Prammas Rs 110, Colacumby Rs 109, Craigmore Rs 106 and Kairbetta Rs 100.
Thursday, July 17, 2008
Coonoor tea auction volume remain high - July 17, 2008
Coonoor: A vast volume of 14.16 lakh kg will be offered at Sale No: 29 of the sales of the Coonoor Tea Trade Association (CTTA) to be held on July 17 and July 18. This is the biggest offer for a single sale in nearly 30 months, barring last week when the volume totalled 15.40 lakh kg. The offer continues to be more because of a 33 per cent increase in Nilgiri production in the first half, despite a 5.2 per cent fall in June. Of the 14.16 lakh kg, fresh arrivals total 13.44 lakh kg. The balance includes teas remaining unsold in previous auctions. Of the 14.16 lakh kg on offer, as much as 10.24 lakh kg belong to the leaf grades and 3.92 lakh kg belong to the dust grades, 13.27 lakh kg belong to CTC variety and only 0.89 lakh kg, orthodox variety.
Thursday, June 5, 2008
Coonoor Tea Offers Continue To Be High - June 5, 2008
Coonoor: Volume offered for the auctions of Coonoor Tea Trade Association (CTTA) continues to be high with brokers’ catalogues for Sale No: 23 to be held on Thursday and Friday totalling 13.22 lakh kg – the highest for a single auction in two years. This is 81,000 kg more than last week’s offer. It is as much as 6.9 lakh kg or 109 per cent more than the offer this time last year.
Fresh arrivals are said to be 10.79 lakh kg out of 13.22 lakh kg on offer. The balance comprises teas remaining unsold in previous auctions.
Fresh arrivals are increasing because of the favourable rains which have kindled growth in tea bushes. Auctioneers said that for a few more weeks, volume would be 3-4 lakh kg more than last year.
Of the 13.22 lakh kg on offer, as much as 9.52 lakh kg belong to the leaf grades and 3.71 lakh kg belong to the dust grades. Again, as much as 12.39 lakh kg belong to CTC variety and only 0.83 lakh kg, orthodox variety.
The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.32 lakh kg belong to orthodox while 9.19 lakh kg, CTC. Among the dusts, only 0.51 lakh kg belong to orthodox while 3.20 lakh kg, CTC.
“Volume is, no doubt, high, but prices will look up like last week if domestic and export demand continues to be strong. High Sri Lankan and Kenyan tea prices are forcing some importers to buy affordable Indian teas”, an auctioneer told Business Line.
Upcountry buyers are scouting for quality offers for which, they are prepared to pay reasonable price. But, they have a general complaint that quantity increase has sacrificed quality. Buyers for Rajasthan market said that in the wake of Gujjars agitation blocking transport, tea movement is also hit.
“Only now, normalcy has come back after the Jaipur bomb blast. Gujjar stir is affecting trade. We are watching the situation before firming up purchases”, a buyer said.
Fresh arrivals are said to be 10.79 lakh kg out of 13.22 lakh kg on offer. The balance comprises teas remaining unsold in previous auctions.
Fresh arrivals are increasing because of the favourable rains which have kindled growth in tea bushes. Auctioneers said that for a few more weeks, volume would be 3-4 lakh kg more than last year.
Of the 13.22 lakh kg on offer, as much as 9.52 lakh kg belong to the leaf grades and 3.71 lakh kg belong to the dust grades. Again, as much as 12.39 lakh kg belong to CTC variety and only 0.83 lakh kg, orthodox variety.
The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.32 lakh kg belong to orthodox while 9.19 lakh kg, CTC. Among the dusts, only 0.51 lakh kg belong to orthodox while 3.20 lakh kg, CTC.
“Volume is, no doubt, high, but prices will look up like last week if domestic and export demand continues to be strong. High Sri Lankan and Kenyan tea prices are forcing some importers to buy affordable Indian teas”, an auctioneer told Business Line.
Upcountry buyers are scouting for quality offers for which, they are prepared to pay reasonable price. But, they have a general complaint that quantity increase has sacrificed quality. Buyers for Rajasthan market said that in the wake of Gujjars agitation blocking transport, tea movement is also hit.
“Only now, normalcy has come back after the Jaipur bomb blast. Gujjar stir is affecting trade. We are watching the situation before firming up purchases”, a buyer said.
Monday, May 12, 2008
Coonoor Tea Prices Decline
Coonoor: Prices fell Rs 2 a kg on the average with the high-bid demand remaining inadequate to absorb the huge volume on offer at Sale No: 19 of the auctions of the Coonoor Tea Trade Association (CTTA) here.
The volume of 12.96 lakh kg offered was the highest for more than one and a half years.
With North Indian teas hitting upcountry markets, buyers showed no haste in picking plainer and medium grades at high-bids.
“Our offers are for quality teas, but we find a sacrifice in quality with volume production. We can buy plainers only if prices shed” a leading buyer told Business Line.
Accordingly, brighter liquoring teas received good demand and fetched Rs 2 a kg more.
Some invoices gained much more on competition.
“Medium teas eased Rs 2. Smaller brokens and fannings in CTC leaf lost Re 1.
Plainers also eased Re 1. Broken orthodox leaf fetched Rs 2 less. Primary BOPD lost Rs 5”, an auctioneer said.
Exports
On the export counter, Pakistan did not buy leaf grades. It picked up some dust grades for Rs 52 a kg.
Egypt bought smaller brokens and fannings for Rs 53.
CIS operated at lower levels on medium and plainer grades, paying Rs 45.
Among corporate buyers, Hindustan Unilever bought good medium leaf grades, but did not operate on dust sale. JV Gokal selected high-grown broken orthodox leaf.
Bought-leaf factory
No CTC brand of bought-leaf factory crossed Rs 100 a kg this week.
Homedale Estate got the highest bid of Rs 91, followed by Darmona Estate Rs 90. Kannavarai estate, Professor got Rs 89, Shanthi Supreme and Deepika Supreme Rs 87.
Highfield Estate Special and Seva Ganapathy Supreme Rs 85, Green View, Ella Estate Rs 84, Vigneshwar Estate Rs 83, Sree Tea Supreme and Hittakkal Estate Rs 82, Garswood clonal and Aroma Estate Rs 80.
Orthodox teas
Among the orthodox teas from the corporate sector, Chamraj got Rs 119, Colacumby Rs 107, Prammas, Curzon and Corsley Rs 100.
Quotations held by the brokers indicated bids ranging from Rs 43-45 a kg for plain leaf grades and Rs 65-87 for the brighter liquoring sorts. They ranged Rs 47-52 a kg for plain dust grades and Rs 65-84 for brighter liquoring sorts.
The volume of 12.96 lakh kg offered was the highest for more than one and a half years.
With North Indian teas hitting upcountry markets, buyers showed no haste in picking plainer and medium grades at high-bids.
“Our offers are for quality teas, but we find a sacrifice in quality with volume production. We can buy plainers only if prices shed” a leading buyer told Business Line.
Accordingly, brighter liquoring teas received good demand and fetched Rs 2 a kg more.
Some invoices gained much more on competition.
“Medium teas eased Rs 2. Smaller brokens and fannings in CTC leaf lost Re 1.
Plainers also eased Re 1. Broken orthodox leaf fetched Rs 2 less. Primary BOPD lost Rs 5”, an auctioneer said.
Exports
On the export counter, Pakistan did not buy leaf grades. It picked up some dust grades for Rs 52 a kg.
Egypt bought smaller brokens and fannings for Rs 53.
CIS operated at lower levels on medium and plainer grades, paying Rs 45.
Among corporate buyers, Hindustan Unilever bought good medium leaf grades, but did not operate on dust sale. JV Gokal selected high-grown broken orthodox leaf.
Bought-leaf factory
No CTC brand of bought-leaf factory crossed Rs 100 a kg this week.
Homedale Estate got the highest bid of Rs 91, followed by Darmona Estate Rs 90. Kannavarai estate, Professor got Rs 89, Shanthi Supreme and Deepika Supreme Rs 87.
Highfield Estate Special and Seva Ganapathy Supreme Rs 85, Green View, Ella Estate Rs 84, Vigneshwar Estate Rs 83, Sree Tea Supreme and Hittakkal Estate Rs 82, Garswood clonal and Aroma Estate Rs 80.
Orthodox teas
Among the orthodox teas from the corporate sector, Chamraj got Rs 119, Colacumby Rs 107, Prammas, Curzon and Corsley Rs 100.
Quotations held by the brokers indicated bids ranging from Rs 43-45 a kg for plain leaf grades and Rs 65-87 for the brighter liquoring sorts. They ranged Rs 47-52 a kg for plain dust grades and Rs 65-84 for brighter liquoring sorts.
Saturday, May 10, 2008
Turnover Of The Teas Increased By Rs 25.1 Cr
Coonoor: The turnover of the teas sold through the Coonoor Tea Trade Association (CTTA) in the first four months of 2008 has increased by Rs 25.1 crore over the same months of last year.
This was because the price earned rose by Rs 6 a kg even as the volume sold increased by four million kgs.
An analysis of the Market Reports of the 17 auctions held till April shows that teas fetched an average price of Rs 53.99 a kg against Rs 48.76 last year. The volume sold increased to 13.4 million kg from 9.69 million kg. Consequently, the overall earnings increased to Rs 72.35 crore from Rs 47.25 crore, marking a gain of 53.12 per cent.
CTCs gain
The sharpest increase came in respect of CTC teas, whose prices rose by Rs 6 a kg to average Rs 53.58. In all, 12.4 million kg were sold against 8.8 million kg last year.
In respect of orthodox teas, more volume could be sold only when prices shed. In all, 1.01 million kgs were sold against 0.89 million kgs last year. But, this happened only with the prices dropping to Rs 58.92 a kg from Rs 61.18.
Last sale of April (Sale No: 17) brought in handsome gains to the producers. Prices averaged Rs 56.41 a kg – up by Rs 9 over the corresponding sale of last year. Volume sold rose to 10.02 lakh kgs against a mere 6.17 lakh kgs in Sale No: 17 of April 2007.
This was because the price earned rose by Rs 6 a kg even as the volume sold increased by four million kgs.
An analysis of the Market Reports of the 17 auctions held till April shows that teas fetched an average price of Rs 53.99 a kg against Rs 48.76 last year. The volume sold increased to 13.4 million kg from 9.69 million kg. Consequently, the overall earnings increased to Rs 72.35 crore from Rs 47.25 crore, marking a gain of 53.12 per cent.
CTCs gain
The sharpest increase came in respect of CTC teas, whose prices rose by Rs 6 a kg to average Rs 53.58. In all, 12.4 million kg were sold against 8.8 million kg last year.
In respect of orthodox teas, more volume could be sold only when prices shed. In all, 1.01 million kgs were sold against 0.89 million kgs last year. But, this happened only with the prices dropping to Rs 58.92 a kg from Rs 61.18.
Last sale of April (Sale No: 17) brought in handsome gains to the producers. Prices averaged Rs 56.41 a kg – up by Rs 9 over the corresponding sale of last year. Volume sold rose to 10.02 lakh kgs against a mere 6.17 lakh kgs in Sale No: 17 of April 2007.
Thursday, May 8, 2008
Analysis Of The Catalogues Of The Brokers Indicates
Coonoor: An analysis of the catalogues of the brokers indicates that a volume of 12.97 lakh kgs would be offered for Sale No: 19 of the auctions of Coonoor Tea Trade Association (CTTA) here on Thursday. This is the highest volume of more than one and a half years. At none of the 52 auctions held in 2007, the offer totalled this much. The highest was 12.93 lakh kgs offered on October 18, 2006.
The volume is as much as 1.1 lakh kgs more than last week’s offer.
Totally, 12.26 lakh kgs of the 12.97 lakh kgs are fresh arrivals. The balance comprises teas remaining unsold in previous auctions. Fresh arrivals are more because of the “rush” May seasonal crop. Growers said that the 24-year high rainfall of March has kindled the growth in tea bushes. According to UPASI Tea Research Foundation, Nilgiris production has increased by 33.9 per cent in the first four months of 2008 over 2007.
Of the 12.97 lakh kgs on offer, as much as 8.83 lakh kgs belong to the leaf grades and 4.14 lakh kgs belong to the dust grades.
Orthodox share low
The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.29 lakh kgs belong to orthodox, while 8.54 lakh kgs to CTC. Among the dusts, only 0.52 lakh kgs belong to orthodox, while 3.62 lakh kgs are CTC.
The volume is as much as 1.1 lakh kgs more than last week’s offer.
Totally, 12.26 lakh kgs of the 12.97 lakh kgs are fresh arrivals. The balance comprises teas remaining unsold in previous auctions. Fresh arrivals are more because of the “rush” May seasonal crop. Growers said that the 24-year high rainfall of March has kindled the growth in tea bushes. According to UPASI Tea Research Foundation, Nilgiris production has increased by 33.9 per cent in the first four months of 2008 over 2007.
Of the 12.97 lakh kgs on offer, as much as 8.83 lakh kgs belong to the leaf grades and 4.14 lakh kgs belong to the dust grades.
Orthodox share low
The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.29 lakh kgs belong to orthodox, while 8.54 lakh kgs to CTC. Among the dusts, only 0.52 lakh kgs belong to orthodox, while 3.62 lakh kgs are CTC.
Monday, May 5, 2008
Coonoor Tea Prices Drop On Huge Volume
Coonoor: Prices dropped Rs 2 a kg at Sale No: 18 of the auctions of Coonoor Tea Trade Association (CTTA) here when the demand was inadequate to absorb the huge offer at high bids.
The offer of 11.87 lakh kgs was the highest of the last 26 weeks. With the 24-year high March rain improving the prospects of the arrivals in the weeks to come, buyers showed no urgency to pick volumes. The new-season North Indian teas have started hitting the upcountry market. “The extreme summer heat in almost every part of the country has reduced the intake of hot tea, more so, in restaurants and tea shops. So, we don’t have larger orders on hand for plainer grades. Quality offers are our priority”, a buyer told Business Line.
“Brighter liquoring CTC leaf teas sold dearer by Rs 2-4 a kg, following keen competition. Smaller brokens and fannings were dearer by Rs 1-2, but plainers suffered withdrawals even after shedding a rupee. Indifferent quality orthodox leaf teas also suffered withdrawals despite discounting the price by Rs 3-4. Nominal weight of BOPFs eased Rs 2-3. Clean blacker CTC dusts lost Rs 3-4, while others Rs 1-2. Some primary orthodox dusts lost Rs 3-5. Secondary and finer dusts eased Rs 1-2”, an auctioneer said.
This week also, no CTC brand of bought-leaf factories crossed Rs 100 a kg. Darmona Estate continued to top at Rs 96. Greenview Estate and Hittakkal Estate got Rs 87, Vigneshwar Estate Rs 86, Homedale Estate Rs 85, Selva Ganapathy Supreme Rs 84, Professor and Shanthi Supreme Rs 83, Kannavarai and Ella Estate Rs 82, Garswood Estate Rs 81, Highfield Estate Special, Sree Tea Supreme, Aroma Estate, Shanthi Supreme and Deepika Supreme Rs 80.
Corporate sector
Among the orthodox teas from corporate sector, Chamraj got Rs 120, Corsley Rs 114, Colacumby Rs 109, Curzon Rs 105 and Prammas Rs 102.
Quotations held by the brokers indicated bids ranging from Rs 45 to 47 a kg for plain leaf grades and Rs 66-85 for the brighter liquoring sorts.
The offer of 11.87 lakh kgs was the highest of the last 26 weeks. With the 24-year high March rain improving the prospects of the arrivals in the weeks to come, buyers showed no urgency to pick volumes. The new-season North Indian teas have started hitting the upcountry market. “The extreme summer heat in almost every part of the country has reduced the intake of hot tea, more so, in restaurants and tea shops. So, we don’t have larger orders on hand for plainer grades. Quality offers are our priority”, a buyer told Business Line.
“Brighter liquoring CTC leaf teas sold dearer by Rs 2-4 a kg, following keen competition. Smaller brokens and fannings were dearer by Rs 1-2, but plainers suffered withdrawals even after shedding a rupee. Indifferent quality orthodox leaf teas also suffered withdrawals despite discounting the price by Rs 3-4. Nominal weight of BOPFs eased Rs 2-3. Clean blacker CTC dusts lost Rs 3-4, while others Rs 1-2. Some primary orthodox dusts lost Rs 3-5. Secondary and finer dusts eased Rs 1-2”, an auctioneer said.
This week also, no CTC brand of bought-leaf factories crossed Rs 100 a kg. Darmona Estate continued to top at Rs 96. Greenview Estate and Hittakkal Estate got Rs 87, Vigneshwar Estate Rs 86, Homedale Estate Rs 85, Selva Ganapathy Supreme Rs 84, Professor and Shanthi Supreme Rs 83, Kannavarai and Ella Estate Rs 82, Garswood Estate Rs 81, Highfield Estate Special, Sree Tea Supreme, Aroma Estate, Shanthi Supreme and Deepika Supreme Rs 80.
Corporate sector
Among the orthodox teas from corporate sector, Chamraj got Rs 120, Corsley Rs 114, Colacumby Rs 109, Curzon Rs 105 and Prammas Rs 102.
Quotations held by the brokers indicated bids ranging from Rs 45 to 47 a kg for plain leaf grades and Rs 66-85 for the brighter liquoring sorts.
Friday, May 2, 2008
Coonoor Tea Weekly Auction 26-Week High Than Last Week
Coonoor: The weekly auctions of Coonoor Tea Trade Association (CTTA) will be conducted on Friday and Saturday.
An analysis of the catalogues of the various brokers indicates that a volume of 11.87 lakh kg would be offered for sale. This is 26-week high. It is 79,000 kg more than last week.
Of this, 10.94 lakh kg are fresh arrivals. The balance comprises teas remaining unsold in previous auctions.
Arrivals are more because of the recent rains kindling growth in the tea bushes. Volume is expected to be more during the rush season this month because of the 24-year high rainfall in March.
Of the 11.87 lakh kg on offer, as much as 8.10 lakh kg belong to the leaf grades and 3.77 lakh kg belong to the dust grades. Again, as much as 11.15 lakh kg belong to CTC variety and only 0.72 lakh kg, orthodox variety.
Orthodox low
The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.23 lakh kg belong to orthodox while 7.87 lakh kg, CTC. Among the dusts, only 0.49 lakh kg belong to orthodox while 3.28 lakh kg, CTC.
High volume did not affect prices last week as buyers stepped up their purchase of quality teas. Prices rose on an average Rs 2 a kg. With export purchases likely to increase matching with domestic trade, prices are set to rule firm, auctioneers said.
An analysis of the catalogues of the various brokers indicates that a volume of 11.87 lakh kg would be offered for sale. This is 26-week high. It is 79,000 kg more than last week.
Of this, 10.94 lakh kg are fresh arrivals. The balance comprises teas remaining unsold in previous auctions.
Arrivals are more because of the recent rains kindling growth in the tea bushes. Volume is expected to be more during the rush season this month because of the 24-year high rainfall in March.
Of the 11.87 lakh kg on offer, as much as 8.10 lakh kg belong to the leaf grades and 3.77 lakh kg belong to the dust grades. Again, as much as 11.15 lakh kg belong to CTC variety and only 0.72 lakh kg, orthodox variety.
Orthodox low
The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.23 lakh kg belong to orthodox while 7.87 lakh kg, CTC. Among the dusts, only 0.49 lakh kg belong to orthodox while 3.28 lakh kg, CTC.
High volume did not affect prices last week as buyers stepped up their purchase of quality teas. Prices rose on an average Rs 2 a kg. With export purchases likely to increase matching with domestic trade, prices are set to rule firm, auctioneers said.
Tuesday, April 22, 2008
Coonoor Tea Prices Gain On Quality
Coonoor: Prices rose Rs 2 a kg on the average at the auctions of the Coonoor Tea Trade Association (CTTA) here last week despite the volume of 11.31 lakh kg being 23-week high as the demand followed quality offer.
For the third consecutive week, Homedale Estate ruled in the Rs 100-plus bracket among the CTC teas from bought-leaf factories.
Its RD grade sold by Global Tea Brokers fetched Rs 106 a kg.
This was the highest price fetched by any CTC tea – leaf or dust – among the bought-leaf factories last week.
Darmona Estate was the only other brand in the Rs 100-plus category.
Its RD grade, sold by J. Thomas and Co fetched Rs 104 a kg. Greenview Estate got Rs 85, Kannavarai Rs 83, Kotagiri Estate, Hittakkal Estate, Ella Estate and Vigneshwar Estate got Rs 82, Professor and Highfield Estate Special Rs 81.
Corporate sector
Among the orthodox teas from corporate sector, Mailoor got Rs 126 a kg, Chamraj, Tiger Hill and Colacumby Rs 110, Prammas Rs 104, Havukal Rs 102 and Kodanaad Rs 100.
“High-priced CTC dusts were dearer up to Rs 5 a kg. Medium and plainer teas gained a rupee. Finer orthodox dusts got Rs 2 a kg more. CTC leaf fetched Rs 1-2 more. Better mediums were dearer by a rupee. But, browner CTC leaf sorts suffered withdrawals. Whole leaf orthodox eased a rupee” an auctioneer told Business Line.
Exports
On the export front, Pakistan operated on the blacker sorts. Egypt selected plainer and medium CTC teas. CIS and Poland were seen scouting for bolder grades.
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 teas.
For the third consecutive week, Homedale Estate ruled in the Rs 100-plus bracket among the CTC teas from bought-leaf factories.
Its RD grade sold by Global Tea Brokers fetched Rs 106 a kg.
This was the highest price fetched by any CTC tea – leaf or dust – among the bought-leaf factories last week.
Darmona Estate was the only other brand in the Rs 100-plus category.
Its RD grade, sold by J. Thomas and Co fetched Rs 104 a kg. Greenview Estate got Rs 85, Kannavarai Rs 83, Kotagiri Estate, Hittakkal Estate, Ella Estate and Vigneshwar Estate got Rs 82, Professor and Highfield Estate Special Rs 81.
Corporate sector
Among the orthodox teas from corporate sector, Mailoor got Rs 126 a kg, Chamraj, Tiger Hill and Colacumby Rs 110, Prammas Rs 104, Havukal Rs 102 and Kodanaad Rs 100.
“High-priced CTC dusts were dearer up to Rs 5 a kg. Medium and plainer teas gained a rupee. Finer orthodox dusts got Rs 2 a kg more. CTC leaf fetched Rs 1-2 more. Better mediums were dearer by a rupee. But, browner CTC leaf sorts suffered withdrawals. Whole leaf orthodox eased a rupee” an auctioneer told Business Line.
Exports
On the export front, Pakistan operated on the blacker sorts. Egypt selected plainer and medium CTC teas. CIS and Poland were seen scouting for bolder grades.
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 teas.
Tuesday, April 15, 2008
Q1 Tea Sales Fetch Rs 16 Cr More At Coonoor
Coonoor: Producers who sold their teas through the auctions of the Coonoor Tea Trade Association (CTTA) in the first quarter of 2008 have earned Rs 16.65 crore more than in the same period last year because more volume could be sold despite the asking price rising.
An analysis of the market reports shows that the average price rose to Rs 53.36 a kg from Rs 49.21 last year. Still, a volume of 9.69 million kg was sold against 7.17 million kg last year.
Consequently, the turnover rose to Rs 51.93 crore from Rs 35.28 crore, marking an increase of Rs 16.65 crore or 47.19 per cent.
The biggest increase came in the CTC teas. Here, the price rose to Rs 53.14 a kg from Rs 48.02. Still, the volume sold increased to 8.94 million kg from 6.52 million kg.
But, more volume of orthodox teas could be sold only by dropping the prices. A volume of 7.5 lakh kg of orthodox teas was sold against 6.49 lakh kg by dropping the price to an average of Rs 58.59 a kg from Rs 61.13.
Pressure from exporters
Overall, more volume could be sold because of increased pressure from exporters in March arising from a 30 per cent drop in Kenyan crop due to drought. Preliminary predictions are that the overall Kenyan output in 2008 would be 10 per cent lower than last year. The short supplies have driven the prices to a whopping $2.47 a kg forcing many low-end operators to look for other suppliers. Some such importers from Pakistan operated at Coonoor auctions firmly in March. With North Indian auctions reporting low volume being lean season and even cancelling some sales, exporters’ presence was felt more in Coonoor.
An analysis of the market reports shows that the average price rose to Rs 53.36 a kg from Rs 49.21 last year. Still, a volume of 9.69 million kg was sold against 7.17 million kg last year.
Consequently, the turnover rose to Rs 51.93 crore from Rs 35.28 crore, marking an increase of Rs 16.65 crore or 47.19 per cent.
The biggest increase came in the CTC teas. Here, the price rose to Rs 53.14 a kg from Rs 48.02. Still, the volume sold increased to 8.94 million kg from 6.52 million kg.
But, more volume of orthodox teas could be sold only by dropping the prices. A volume of 7.5 lakh kg of orthodox teas was sold against 6.49 lakh kg by dropping the price to an average of Rs 58.59 a kg from Rs 61.13.
Pressure from exporters
Overall, more volume could be sold because of increased pressure from exporters in March arising from a 30 per cent drop in Kenyan crop due to drought. Preliminary predictions are that the overall Kenyan output in 2008 would be 10 per cent lower than last year. The short supplies have driven the prices to a whopping $2.47 a kg forcing many low-end operators to look for other suppliers. Some such importers from Pakistan operated at Coonoor auctions firmly in March. With North Indian auctions reporting low volume being lean season and even cancelling some sales, exporters’ presence was felt more in Coonoor.
Monday, March 24, 2008
Homedale Teas Set Up New Record At Coonoor Auctions
Coonoor: Homedale Tea Factory set up a new record at the auctions of the Coonoor Tea Trade Association (CTTA) here when its RD grade teas auctioned by Global Tea Brokers fetched Rs 102 a kg. Joshua Enterprises bought these teas. This was the highest price fetched by the factory so far in CTTA auctions. Its earlier high was Rs 100. This was also the highest price for the RD grade in Sale No: 12.
Hittakkal Speciality PD grade sold by Contemporary Tea Auctioneers P Ltd., also fetched Rs 102. Tea Services India P Ltd bought these teas. This was the highest price for the PD grade at Sale No: 12. Last week, this grade fetched Rs 107.
Among the CTC teas from other bought-leaf factories, Darmona Estate got Rs 88, Greenview Estate Rs 85, Kannavarai Estate Rs 84, Selvaganapathy Supreme Rs 82, Deepika Supreme, Professor, Sree Tea Supreme and Ella Estate Rs 80.
Among the orthodox teas from corporate sector, Chamraj got Rs 125 a kg, Mailoor Rs 117, Havukal Rs 115, Corsley Rs 113, Kairbetta, Quinshola, Curzon and Prammas Rs 110, Coonoor Tea Estate Rs 107 and Glendale Rs 103.
Export purchases were more pronounced this week. Shippers to Pakistan picked up blacker CTC leaf grades for Rs 49-51 a kg, while some select invoices of orthodox leaf grades were bought for higher prices. Exporters to CIS and Poland markets picked up plainer bolder grades for up to Rs 48. Egypt bought medium teas for up to Rs 52. There were some purchases for the US and West Asian markets at high prices.
Upcountry buyers were selective in most invoices. They said that fiscal year-end accounting limited their cash-spread as only in the next fiscal, they could get realisation for the teas they pay and buy now. So, the market showed erratic behaviour. “While high-priced CTC leaf eased Rs 1-2 a kg, their dust counterpart gained to the same extent. Some better medium and plainer CTC leaf suffered withdrawals.
Second level orthodox leaf grades were dearer up to Rs 5 a kg. Primary orthodox dusts eased to the same extent”, an auctioneer said.
Quotations held by the brokers indicated bids ranging from Rs 45 to 47 a kg for the plain leaf grades and Rs 60-80 for the brighter liquoring sorts. They ranged Rs 49-51 for the plain dust grades and Rs 62-80 for the brighter liquoring sorts.
Hittakkal Speciality PD grade sold by Contemporary Tea Auctioneers P Ltd., also fetched Rs 102. Tea Services India P Ltd bought these teas. This was the highest price for the PD grade at Sale No: 12. Last week, this grade fetched Rs 107.
Among the CTC teas from other bought-leaf factories, Darmona Estate got Rs 88, Greenview Estate Rs 85, Kannavarai Estate Rs 84, Selvaganapathy Supreme Rs 82, Deepika Supreme, Professor, Sree Tea Supreme and Ella Estate Rs 80.
Among the orthodox teas from corporate sector, Chamraj got Rs 125 a kg, Mailoor Rs 117, Havukal Rs 115, Corsley Rs 113, Kairbetta, Quinshola, Curzon and Prammas Rs 110, Coonoor Tea Estate Rs 107 and Glendale Rs 103.
Export purchases were more pronounced this week. Shippers to Pakistan picked up blacker CTC leaf grades for Rs 49-51 a kg, while some select invoices of orthodox leaf grades were bought for higher prices. Exporters to CIS and Poland markets picked up plainer bolder grades for up to Rs 48. Egypt bought medium teas for up to Rs 52. There were some purchases for the US and West Asian markets at high prices.
Upcountry buyers were selective in most invoices. They said that fiscal year-end accounting limited their cash-spread as only in the next fiscal, they could get realisation for the teas they pay and buy now. So, the market showed erratic behaviour. “While high-priced CTC leaf eased Rs 1-2 a kg, their dust counterpart gained to the same extent. Some better medium and plainer CTC leaf suffered withdrawals.
Second level orthodox leaf grades were dearer up to Rs 5 a kg. Primary orthodox dusts eased to the same extent”, an auctioneer said.
Quotations held by the brokers indicated bids ranging from Rs 45 to 47 a kg for the plain leaf grades and Rs 60-80 for the brighter liquoring sorts. They ranged Rs 49-51 for the plain dust grades and Rs 62-80 for the brighter liquoring sorts.
Tuesday, February 26, 2008
Homedale Fetches Top Price At Coonoor Tea Sale
Coonoor: Homedale Estate, which had consistently remained in the high-bid bracket, created a record in Sale 8 of the auctions of the Coonoor Tea Trade Association (CTTA) here on Friday when its RD grade, auctioned by Global Tea Brokers, fetched Rs 100 a kg. Paras Tea Co bought it. This was the highest price fetched by any CTC tea at this auction. It was also the highest price the factory got so far in the auctions. Homedale’s top price in 2007 was also Rs 100, got in December. Darmona Estate, another consistent topper, got Rs 99 this week. Green View Estate got Rs 83, Deepika Supreme and Kannavarai Rs 82 and Hittakkal Rs 81. Run-up to Budget 2008-09
Among the orthodox teas from corporate sector, Curzon got Rs 128, followed by Kairbetta at Rs 124, Prammas Rs 123, Glendale and Kil Kotagiri Rs 122, Chamraj Rs 119, Mailoor Rs 117, Quinshola and Kodanaad Rs 115, Corsley Rs 111, Tiger Hill Rs 110, Erinkadu, Havukal and Craigmore Rs 105, Nonsuch Rs 103, and Sutton and Katary at Rs 102.
On the export front, Egypt bought CTC dusts paying Rs 49-51 a kg. CIS supported medium and plainer bolder grades in the range of Rs 44-47. Russia also bought some orthodox leaf grades. Pakistan selected blacker teas for Rs 49-51.
“With the exporters supporting plainer grades, their prices rose by Rs 2 a kg over last week. Medium CTC leaf teas were barely steady. High priced CTC dusts lost Rs 2. Primary orthodox dusts eased Rs 5. Blacker whole leaf grades were dearer by Rs 1-2,” an auctioneer told Business Line.
Corporate buyers
Among the corporate buyers, Hindustan Unilever lent useful support for better medium grades. JV Gokal and Bhansali were active on orthodox leaf sale. Western Indian buyers were fairly active. Karnataka traders bought unmindful of the lorry strike.
Quotations held by the brokers indicated bids ranging from Rs 43-46 a kg for the plain leaf grades and Rs 60-78 for the brighter liquoring sorts. They ranged Rs 47-50 for the plain dust grades and Rs 62-78 for the brighter liquoring varieties.
Among the orthodox teas from corporate sector, Curzon got Rs 128, followed by Kairbetta at Rs 124, Prammas Rs 123, Glendale and Kil Kotagiri Rs 122, Chamraj Rs 119, Mailoor Rs 117, Quinshola and Kodanaad Rs 115, Corsley Rs 111, Tiger Hill Rs 110, Erinkadu, Havukal and Craigmore Rs 105, Nonsuch Rs 103, and Sutton and Katary at Rs 102.
On the export front, Egypt bought CTC dusts paying Rs 49-51 a kg. CIS supported medium and plainer bolder grades in the range of Rs 44-47. Russia also bought some orthodox leaf grades. Pakistan selected blacker teas for Rs 49-51.
“With the exporters supporting plainer grades, their prices rose by Rs 2 a kg over last week. Medium CTC leaf teas were barely steady. High priced CTC dusts lost Rs 2. Primary orthodox dusts eased Rs 5. Blacker whole leaf grades were dearer by Rs 1-2,” an auctioneer told Business Line.
Corporate buyers
Among the corporate buyers, Hindustan Unilever lent useful support for better medium grades. JV Gokal and Bhansali were active on orthodox leaf sale. Western Indian buyers were fairly active. Karnataka traders bought unmindful of the lorry strike.
Quotations held by the brokers indicated bids ranging from Rs 43-46 a kg for the plain leaf grades and Rs 60-78 for the brighter liquoring sorts. They ranged Rs 47-50 for the plain dust grades and Rs 62-78 for the brighter liquoring varieties.
Thursday, February 7, 2008
Offerings At Coonoor Tea Sales Increase
Coonoor: An analysis of the catalogues of the different brokers indicates that the volume being offered for Sale No: 6 of the auctions of the Coonoor Tea Trade Association (CTTA) here on Thursday and Friday is as much as 1.1 lakh kg more than the 33-week low offer of last week.
In all, 9.07 lakh kg are on offer. Of this, 7.98 lakh kg are fresh teas. The balance comprises teas remaining unsold in previous auctions.
The volume is some 96,000 kg more than the offer this time last year.
Orthodox
Of the 9.07 lakh kg, as much as 6.44 lakh kg belong to the leaf grades and 2.63 lakh kg belong to the dust grades. Again, as much as 8.24 lakh kg belong to CTC variety and only 0.83 lakh kg, orthodox variety.
• Quarterly results of corporates: Check out
The proportion of orthodox continues to be low in both the leaf and dust grades. In the leaf counter, only 0.33 lakh kg belong to the orthodox while 6.11 lakh kg, CTC. Among the dusts, only 0.50 lakh kg belong to the orthodox while 2.13 lakh kg, CTC.
In all, 9.07 lakh kg are on offer. Of this, 7.98 lakh kg are fresh teas. The balance comprises teas remaining unsold in previous auctions.
The volume is some 96,000 kg more than the offer this time last year.
Orthodox
Of the 9.07 lakh kg, as much as 6.44 lakh kg belong to the leaf grades and 2.63 lakh kg belong to the dust grades. Again, as much as 8.24 lakh kg belong to CTC variety and only 0.83 lakh kg, orthodox variety.
• Quarterly results of corporates: Check out
The proportion of orthodox continues to be low in both the leaf and dust grades. In the leaf counter, only 0.33 lakh kg belong to the orthodox while 6.11 lakh kg, CTC. Among the dusts, only 0.50 lakh kg belong to the orthodox while 2.13 lakh kg, CTC.
Thursday, January 24, 2008
Tea Volume Continues To Be Low At Coonoor
Coonoor: Volume continues to be low for the fourth auctions for 2008 of the Coonoor Tea Trade Association (CTTA) to be held here on Thursday and Friday.
An analysis of the catalogues of the brokers indicates that the volume totals 9.19 lakh kg was some 18,000 kg lower than the offer of last week.
It is, however, 87,000 kg more than the offer this time last year.
Fresh arrivals are reported to be 7.98 lakh kg. The balance comprises teas remaining unsold in previous auctions.
• Quarterly results of corporates: Check out
The low volume is said to be because of frost damaging substantial areas. According to the UPASI Tea Research Foundation, around 800 hectares suffered extensive and intensive frost bite in November. Moderate frost damage occurred again in the same affected areas in the third week of December. The affected fields are yet to come to yield.
Of the 9.19 lakh kg, as much as 6.48 lakh kg belong to the leaf grades and 2.71 lakh kg belong to the dust grades. Again, as much as 8.45 lakh kg belong to CTC variety and only 0.74 lakh kg, orthodox variety.
Orthodox lower
The proportion of orthodox continues to be low in both the leaf and dust grades. In the leaf counter, only 0.27 lakh kg belong to the orthodox while 6.21 lakh kg CTC. Among the dusts, only 0.47 lakh kg belong to the orthodox while 2.24 lakh kg CTC.
An analysis of the catalogues of the brokers indicates that the volume totals 9.19 lakh kg was some 18,000 kg lower than the offer of last week.
It is, however, 87,000 kg more than the offer this time last year.
Fresh arrivals are reported to be 7.98 lakh kg. The balance comprises teas remaining unsold in previous auctions.
• Quarterly results of corporates: Check out
The low volume is said to be because of frost damaging substantial areas. According to the UPASI Tea Research Foundation, around 800 hectares suffered extensive and intensive frost bite in November. Moderate frost damage occurred again in the same affected areas in the third week of December. The affected fields are yet to come to yield.
Of the 9.19 lakh kg, as much as 6.48 lakh kg belong to the leaf grades and 2.71 lakh kg belong to the dust grades. Again, as much as 8.45 lakh kg belong to CTC variety and only 0.74 lakh kg, orthodox variety.
Orthodox lower
The proportion of orthodox continues to be low in both the leaf and dust grades. In the leaf counter, only 0.27 lakh kg belong to the orthodox while 6.21 lakh kg CTC. Among the dusts, only 0.47 lakh kg belong to the orthodox while 2.24 lakh kg CTC.
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