Coonoor: Teas sold via all auction centres across the globe, except Malawi's Limbe, have got higher prices in the first half of calendar 2008 over the corresponding period of 2007, an analysis of Market Reports and information available with Tea Board reveals. Indonesian teas at Jakarta sales got the highest increase of 44.12 per cent to average $1.47 a kg. Kenyan teas at Mombassa auctions registered the next highest increase of 35.58 per cent, to rule at $2.21 a k g. Sri Lankan teas at Colombo auctions increased 32.46 per cent to average $3.02. Bangladesh teas at Chittagong auctions got 28.70 per cent more to rule $1.48. Indian teas at the eight auction centres registered an increase of 19.21 per cent to rule $1.80.
Showing posts with label Coonoor. Show all posts
Showing posts with label Coonoor. Show all posts
Friday, September 5, 2008
Wednesday, August 20, 2008
Coonoor Tea Auction - Aug 20 , 2008
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.
Thursday, August 14, 2008
Coonoor Tea Auctions To See Low Volume - Aug 14 , 2008
Coonoor: An analysis of the catalogues of various brokers' shows that volume offered for sale No: 33 of the auctions of Coonoor Tea Trade Association (CTTA) concluding on Aug 14 totals 11.22 lakh kg. There will be no auction on Aug 15 because of the Independence Day. This is the lowest volume of the last 18 weeks excepting April 24 when the volume was 11.08 lakh kg. This week's volume is lower than last week's offer by as much as 1.33 lakh kg. Fresh arrivals remain to be high. Of the 11.22 lakh kg, fresh arrivals total as much as 11.03 lakh kg. The balance comprises teas continuing unsold in previous auctions. Again, as much as 10.67 lakh kg belong to CTC variety and only 0.55 lakh kg, orthodox variety. In the leaf counter, only 0.21 lakh kg belong to orthodox while 7.78 lakh kg, CTC.
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.
Wednesday, July 9, 2008
Nilgiris Tea Production Decline 5.2pc - July 9, 2009
Coonoor: Nilgiris June tea crop has declined compared to June last year because of low rainfall, but cumulative output in the first half of calendar 2008 was more than the corresponding period of last calendar, according to UPASI Tea Research Foundation. Production in its member estates during January-June rose to 8.10 million kgs from 6.34 million kgs last year.
The five-year average output was 7.23 million kgs. The production will have been still higher had it not been for a 5.2 per cent down recorded in June over last year. Crop was low in the south-west monsoon zones of Kundah and Udhagamandalam. Kotagiri zone also recorded a low production.
Tuesday, July 8, 2008
Tea Exporters Gain Rs 32cr More - July 8, 2008
Coonoor: Tea exporters have gained Rs 32 crore more in the first four months of the current calendar over last year. The increasing trend in earnings saw in March continued in April. Even as the exporters took a higher price averaging Rs 101.14 a kg, against Rs 100.72 in April 2007, importers picked up a higher volume of 11.9 million kg against 8.9 million kg last April. Consequently, exporters earned Rs 120 crore, as much as Rs 30 crore more than April 2007.
Friday, July 4, 2008
Chilli Exports Touches All Time High - July 4, 2008
Coonoor: The country's chilli exports in 2006-07 fiscal touched an all-time high, an analysis of the information available with Spices Board and exporters reveals. Exports increased to 209 thousand tonnes from 148.5 thousand tonnes in the previous fiscal. Because of this, despite the rates got dropping to Rs 52.51 a kg from Rs 54.39, earnings increased significantly to Rs 1,097.50 crore from Rs 807.75 crore. This marked an increase of 41 per cent in volume and 36 per cent in value.
The board had fixed an export target of 1.35 lakh tonnes valued at Rs 675 crore. But, the achievement in 2007-08 was as much as 155 per cent of the volume and 163 per cent of the value aimed. Chilli accounted for 47 per cent in volume and 25 per cent in value of the total export of spices and spices products.
According to the Spices Board, its strict measures comprises compulsory sampling and analysis for aflatoxin and 'adulterant Sudan' in export consignments made Indian chilli more acceptable to importers. Malaysia was the largest purchaser of Indian chilli. Bangladesh, Sri Lanka and the US purchased sizable volumes.
Chilli prices rule high in domestic markets this fiscal. In Chennai, new Ramnad chilli now sells Rs 55-80 a kg against Rs 36-50 this time last year. In Virudhunagar market, best grade sannam chilli now sells Rs 48-51 a kg against Rs 47-50 last year. In Tuticorin market, Guntur sannam best chilli now sells Rs 50-55 a kg against Rs 50-51 last year.
The board had fixed an export target of 1.35 lakh tonnes valued at Rs 675 crore. But, the achievement in 2007-08 was as much as 155 per cent of the volume and 163 per cent of the value aimed. Chilli accounted for 47 per cent in volume and 25 per cent in value of the total export of spices and spices products.
According to the Spices Board, its strict measures comprises compulsory sampling and analysis for aflatoxin and 'adulterant Sudan' in export consignments made Indian chilli more acceptable to importers. Malaysia was the largest purchaser of Indian chilli. Bangladesh, Sri Lanka and the US purchased sizable volumes.
Chilli prices rule high in domestic markets this fiscal. In Chennai, new Ramnad chilli now sells Rs 55-80 a kg against Rs 36-50 this time last year. In Virudhunagar market, best grade sannam chilli now sells Rs 48-51 a kg against Rs 47-50 last year. In Tuticorin market, Guntur sannam best chilli now sells Rs 50-55 a kg against Rs 50-51 last year.
Friday, June 6, 2008
Pepper Exports Fetch Rs 213 Cr More In 2007-08 - June 6, 2008
Coonoor: Despite rupee appreciation and unsteady commodity market movements, India regained its prominence in global pepper trade in 2007-08, an analysis of the latest information available with the Spices Board and exporters reveals.
India earned Rs 213.30 crore more from pepper exports in 2007-08 over the previous fiscal.
Global short supplies created market buoyancy. Competitive suppliers such as Vietnam chose cautious selling. Collectively, demand gained strength and pushed up the prices. The average price of black pepper in the US rose to $4.05 a kg from $2.62 in 2006-07.
India’s prudent exporters used the opportunity to their advantage and elevated the trade with quality supplies which fetched mentionable demand.
As much as 35,000 tonnes of Indian pepper were bought by importers at an average price of Rs 148.43 a kg against 28,750 tonnes at Rs 106.50 in the previous fiscal. Consequently, India earned Rs 519.50 crore in 2007-08 against Rs 306.20 crore.
This meant a sharp increase of 70 per cent in value earned from an increase of 22 per cent in volume.
“This was the highest export of pepper from India in both volume and value in the new millennium,” Spices Board has noted.
The major importers of Indian pepper were the US, the UK, Italy, Germany and Canada.
The achievement was significant enough to surpass the target. The Board had fixed a target of 30,000 tonnes of export to earn Rs 450 crore. This meant that the achievement was 117 per cent of targeted volume and 115 per cent of targeted value.
Pepper prices continue to rule high throwing bright prospects for the current fiscal. In the domestic market, some future contracts have been entered into for Rs 149 a kg for July, Rs 152 for August and Rs 154 for September.
The US market continues to quote around $4.07 a kg. Some August-December deliveries have been contracted for $4.13 a kg. On an average, this is $1.50 more per kg than the 2006-07 levels.
India earned Rs 213.30 crore more from pepper exports in 2007-08 over the previous fiscal.
Global short supplies created market buoyancy. Competitive suppliers such as Vietnam chose cautious selling. Collectively, demand gained strength and pushed up the prices. The average price of black pepper in the US rose to $4.05 a kg from $2.62 in 2006-07.
India’s prudent exporters used the opportunity to their advantage and elevated the trade with quality supplies which fetched mentionable demand.
As much as 35,000 tonnes of Indian pepper were bought by importers at an average price of Rs 148.43 a kg against 28,750 tonnes at Rs 106.50 in the previous fiscal. Consequently, India earned Rs 519.50 crore in 2007-08 against Rs 306.20 crore.
This meant a sharp increase of 70 per cent in value earned from an increase of 22 per cent in volume.
“This was the highest export of pepper from India in both volume and value in the new millennium,” Spices Board has noted.
The major importers of Indian pepper were the US, the UK, Italy, Germany and Canada.
The achievement was significant enough to surpass the target. The Board had fixed a target of 30,000 tonnes of export to earn Rs 450 crore. This meant that the achievement was 117 per cent of targeted volume and 115 per cent of targeted value.
Pepper prices continue to rule high throwing bright prospects for the current fiscal. In the domestic market, some future contracts have been entered into for Rs 149 a kg for July, Rs 152 for August and Rs 154 for September.
The US market continues to quote around $4.07 a kg. Some August-December deliveries have been contracted for $4.13 a kg. On an average, this is $1.50 more per kg than the 2006-07 levels.
Thursday, May 15, 2008
Coonoor Tea Auctions High
Coonoor: Offers continue to rise for the auctions of Coonoor Tea Trade Association (CTTA) with the brokers’ catalogues for sale no: 20 to take place on Thursday and Friday, showing a volume larger-than-average sale in an auction in the last two years.
In all, 13.11 lakh kg have been catalogued. This is 15,000 kg more than last week.
The volume is as much as 110 per cent more than the 6.23 lakh kg offered this time last year.
Fresh arrivals account for 11.76 lakh kg out of the offer of 13.11 lakh kg. The balance comprises teas unsold in previous auctions. Fresh arrivals are rising because of the favourable rains, which have activated the growth in tea bushes.
According to the UPASI Tea Research Foundation, the cumulative rainfall till April in all agro-climatic zones in Nilgiris had been more than last year as also the decennial average. In April, tea production in its member estates in Nilgiris increased by 52.7 per cent over April 2007.
Orthodox teas
Of the 13.11 lakh kg on offer, as much as 8.95 lakh kg belong to the leaf grades and 4.16 lakh kg belong to the dust grades.
In all, 13.11 lakh kg have been catalogued. This is 15,000 kg more than last week.
The volume is as much as 110 per cent more than the 6.23 lakh kg offered this time last year.
Fresh arrivals account for 11.76 lakh kg out of the offer of 13.11 lakh kg. The balance comprises teas unsold in previous auctions. Fresh arrivals are rising because of the favourable rains, which have activated the growth in tea bushes.
According to the UPASI Tea Research Foundation, the cumulative rainfall till April in all agro-climatic zones in Nilgiris had been more than last year as also the decennial average. In April, tea production in its member estates in Nilgiris increased by 52.7 per cent over April 2007.
Orthodox teas
Of the 13.11 lakh kg on offer, as much as 8.95 lakh kg belong to the leaf grades and 4.16 lakh kg belong to the dust grades.
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 21, 2008
Lower Volumes On Offer At Coonoor Tea Auctions
Coonoor: An analysis of the catalogues of the brokers indicates that the volume being offered for sale No: 8 of the auctions of the Coonoor Tea Trade Association (CTTA) here on Thursday and Friday is as much as one lakh kg lower than last week’s offer. At current prices, this means a fall in total value by around Rs 52 lakh. Run-up to Budget 2008-09
The volume totals 8.50 lakh kg. Last year, Sale No: 8 was postponed due to the uncertainty over the implementation of VAT. The offer was 8.07 lakh kg. The following week, it was merged with Sale No: 9.
Fresh arrivals total 7.55 lakh kg out of the 8.50 lakh kg. The balance consists of the teas remaining unsold from previous auctions.
Of the 8.5 lakh kg, as much as 5.93 lakh kg belong to the leaf grades and 2.57 lakh kg belong to the dust grades. Again, as much as 7.86 lakh kg belong to CTC variety and only 0.64 lakh kg, orthodox variety.
The volume totals 8.50 lakh kg. Last year, Sale No: 8 was postponed due to the uncertainty over the implementation of VAT. The offer was 8.07 lakh kg. The following week, it was merged with Sale No: 9.
Fresh arrivals total 7.55 lakh kg out of the 8.50 lakh kg. The balance consists of the teas remaining unsold from previous auctions.
Of the 8.5 lakh kg, as much as 5.93 lakh kg belong to the leaf grades and 2.57 lakh kg belong to the dust grades. Again, as much as 7.86 lakh kg belong to CTC variety and only 0.64 lakh kg, orthodox variety.
Saturday, February 16, 2008
Tea Producers Earn Rs 12 Cr Less At Coonoor
Coonoor: Producers who sold their teas through the auctions of the Coonoor Tea Trade Association (CTTA) earned Rs 12.06 crore less in 2007 compared with 2006. Though the volume sold rose marginally, the price realisation was lower. Run-up to Budget 2008-09
Overall Earnings
Prices averaged Rs 44.19 a kg compared with Rs 47.77 in 2006. This resulted in higher volume of 37.73 million kg from 37.39 million kg. Consequently, the overall earnings fell to Rs 166.6 crore from Rs 178.66 crore, marking a decline of 6.75 per cent.
Average prices dropped despite an increase in respect of orthodox teas because CTC teas lost heavily. Each kilogram of CTC tea fetched Rs 4 lower to average Rs 43.26. Because of the drop, the volume sold rose marginally to 34.80 million kg from 34.66 million kg.
Overall Earnings
Prices averaged Rs 44.19 a kg compared with Rs 47.77 in 2006. This resulted in higher volume of 37.73 million kg from 37.39 million kg. Consequently, the overall earnings fell to Rs 166.6 crore from Rs 178.66 crore, marking a decline of 6.75 per cent.
Average prices dropped despite an increase in respect of orthodox teas because CTC teas lost heavily. Each kilogram of CTC tea fetched Rs 4 lower to average Rs 43.26. Because of the drop, the volume sold rose marginally to 34.80 million kg from 34.66 million kg.
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.
Tuesday, February 5, 2008
Russia Still Hesitant To Buy Teas At Coonoor Sales
Coonoor: Russia continued to show hesitation to buy bulk teas for the second consecutive week here because of the new restrictions, despite the easing of the blanket ban in the import of Indian teas.
“The ban has been relaxed, not removed. Now, bulk imports are banned in all ports other than Kaliningrad and St Petersburg in Baltic Sea. There also, they are subject to stringent quarantine tests. These are causing practical difficulties to our importers. We don’t have much orders on hand. The ban itself is wrong, for, the officials discovered beetle pests in sesame not tea,” an exporter told Business Line.
Subdued export purchase
Pakistan was also selective with the trade relations between the two countries yet to become normal after the disturbances following the assassination of Benazir Bhutto.
• Quarterly results of corporates: Check out
“Our importers continue to wait for quality teas at Mombassa although prices have shot up to $3 a kg following short supplies due to post-poll violence in Kenya. We hope soon, they have to come to India if the supplies and prices are unsuitable at Mombassa. Right now, orders on our hands are minimal,” an exporter explained. For the minimal purchases they made, they paid up to Rs 52 a kg.
There was some purchase for Egypt at Rs 50-53 a kg. Poland shippers chose minimal volume.
“The ban has been relaxed, not removed. Now, bulk imports are banned in all ports other than Kaliningrad and St Petersburg in Baltic Sea. There also, they are subject to stringent quarantine tests. These are causing practical difficulties to our importers. We don’t have much orders on hand. The ban itself is wrong, for, the officials discovered beetle pests in sesame not tea,” an exporter told Business Line.
Subdued export purchase
Pakistan was also selective with the trade relations between the two countries yet to become normal after the disturbances following the assassination of Benazir Bhutto.
• Quarterly results of corporates: Check out
“Our importers continue to wait for quality teas at Mombassa although prices have shot up to $3 a kg following short supplies due to post-poll violence in Kenya. We hope soon, they have to come to India if the supplies and prices are unsuitable at Mombassa. Right now, orders on our hands are minimal,” an exporter explained. For the minimal purchases they made, they paid up to Rs 52 a kg.
There was some purchase for Egypt at Rs 50-53 a kg. Poland shippers chose minimal volume.
Friday, February 1, 2008
Tea Tasting Competition At Coonoor On Feb 2
Coimbatore: The fourth edition of the tea-tasting competition is being organised jointly by the United Planters Association of South India (UPASI) and the Tea Board at Coonoor on February 2.
This is the second time that the cupping competition is being held in Coonoor after 2005. The second edition took place in Dubai and the third at Kochi.
Tea samples drawn randomly from the different estates/gardens of South India would be tested for smell, colour, taste, infusion etc. by a national jury of buyers, sellers and brokers.
• Quarterly results of corporates: Check out
‘It would be an objective and stringent selection process. As in the earlier editions, there will be a multi-layer screening process with a scoring system to capture the various quality attributes, and the award winning entries showcased at the Global Tea Forum in Dubai,’ the Executive Director of Tea Board, Nazeem, told Business Line.
Rise in entries
The total number of entries this year has risen to 213 against 208 last year and 194 two years back.
Industry sources said there was an increase in both the entry and garden/estate participation this year compared to the earlier editions, demonstrating sustained improvement in the quality of teas manufactured.
The competition would be in the Orthodox and CTC grades and speciality teas as well.
This is the second time that the cupping competition is being held in Coonoor after 2005. The second edition took place in Dubai and the third at Kochi.
Tea samples drawn randomly from the different estates/gardens of South India would be tested for smell, colour, taste, infusion etc. by a national jury of buyers, sellers and brokers.
• Quarterly results of corporates: Check out
‘It would be an objective and stringent selection process. As in the earlier editions, there will be a multi-layer screening process with a scoring system to capture the various quality attributes, and the award winning entries showcased at the Global Tea Forum in Dubai,’ the Executive Director of Tea Board, Nazeem, told Business Line.
Rise in entries
The total number of entries this year has risen to 213 against 208 last year and 194 two years back.
Industry sources said there was an increase in both the entry and garden/estate participation this year compared to the earlier editions, demonstrating sustained improvement in the quality of teas manufactured.
The competition would be in the Orthodox and CTC grades and speciality teas as well.
Friday, January 25, 2008
US To Support Nilgiri Speciality Teas
Coonoor: The USA has assured its support to speciality teas from the Nilgiris considering their quality.
“We are comfortable dealing with India. Having seen for the first time how quality teas are manufactured in the Nilgiris, I will spread the message to tea traders in the US. We are impressed by the long tradition of Indian teas, spanning a period of 200 years. More and more tea rooms are now taking to Indian teas. The Nilgiris tea has not been all that popular with us compared to Darjeeling or Assam, but I will explain to the traders back home the superior quality of these teas,” said Joseph P. Simrany, President, Tea Association of the US.
Speciality teas
Launching the Glendale Speciality Tea retail packs at Glendale Estate in Coonoor he recalled how some of these teas had created records in the US by fetching $600 a kg. “This shows that there is support for quality supplies. We wish that you fetch more such prices in the days to come,” said Simrany who is also President of US Speciality Tea Institute and the Tea Council of USA.
His wife, Carol Simrany, received the first basket of Glendale Speciality Tea packs in the presence of Ali R. Rizvi, Director of Tea Promotion, London.
• Quarterly results of corporates: Check out
Hailing the quality of these teas, R.D. Nazeem, Executive Director, Tea Board, said he had taken it up with the authorities of the Guinness Book of Records to give an entry to Glendale Tea on its having fetched the highest price of $600 a kg.
Glenworth prospects
K. Gopalakrishnan, Director, Glenworth Estate Ltd, which owns Glendale Estate, said that although the company produced some 1.5 million kgs annually, 75 per cent of it was exported. “But, the packs we are launching today are orthodox teas for the home segment in India, which will give the Indian consumers an opportunity to taste speciality teas. These come in vacuum packaging,” he said.
“We are comfortable dealing with India. Having seen for the first time how quality teas are manufactured in the Nilgiris, I will spread the message to tea traders in the US. We are impressed by the long tradition of Indian teas, spanning a period of 200 years. More and more tea rooms are now taking to Indian teas. The Nilgiris tea has not been all that popular with us compared to Darjeeling or Assam, but I will explain to the traders back home the superior quality of these teas,” said Joseph P. Simrany, President, Tea Association of the US.
Speciality teas
Launching the Glendale Speciality Tea retail packs at Glendale Estate in Coonoor he recalled how some of these teas had created records in the US by fetching $600 a kg. “This shows that there is support for quality supplies. We wish that you fetch more such prices in the days to come,” said Simrany who is also President of US Speciality Tea Institute and the Tea Council of USA.
His wife, Carol Simrany, received the first basket of Glendale Speciality Tea packs in the presence of Ali R. Rizvi, Director of Tea Promotion, London.
• Quarterly results of corporates: Check out
Hailing the quality of these teas, R.D. Nazeem, Executive Director, Tea Board, said he had taken it up with the authorities of the Guinness Book of Records to give an entry to Glendale Tea on its having fetched the highest price of $600 a kg.
Glenworth prospects
K. Gopalakrishnan, Director, Glenworth Estate Ltd, which owns Glendale Estate, said that although the company produced some 1.5 million kgs annually, 75 per cent of it was exported. “But, the packs we are launching today are orthodox teas for the home segment in India, which will give the Indian consumers an opportunity to taste speciality teas. These come in vacuum packaging,” he said.
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.
Monday, January 21, 2008
Coonoor Tea Prices Drop On Inadequate Demand
Coonoor: Prices dropped on the average Rs 2 a kg at the third auctions of 2008 conducted by the Coonoor Tea Trade Association (CTTA) as the demand was inadequate to absorb at high bids the volume of 9.37 lakh kg on offer.
But, plainer sorts were the favourite of those looking for teas for blending. Consequently, the lowest price increased to Rs 42 a kg from Rs 39 at which level it ruled until now.
Exports
Export purchase was subdued. Pakistan bought cleaner blacker teas paying up to Rs 51 a kg, mostly to cover the short supplies from Kenya.
Although Mombassa auctions continued for the second week, political uncertainty affects the trade.
There, Pakistan has to pay around $2.24 a kg – some 77 cents more than this time last year.
But, strengthened orders from Pakistan are yet to come in the post-violent market trend following the murder of Benazir Bhutto.
“We are doing anticipatory buying”, an exporter told Business Line.
Other importers from Mombassa have not shifted their loyalty to India and so, no new buyer operated this week. The CIS bought medium bolder grades for around Rs 46 a kg.
Corporate buyers
Among the corporate buyers, Hindustan Unilever Ltd bought better medium leaf grades, but did not operate in the dust counter.
“Better medium CTC leaf grades were lower by Rs 1-2 a kg. Orthodox leaf grades eased Rs 2-3. Some 40 per cent of this variety was withdrawn. Orthodox dust lost Rs 5-10. High priced CTC dusts eased Rs 2-3”, an auctioneer said.
Among the CTC teas from bought-leaf factories, Darmona Estate topped with Rs 99 a kg, followed by Homedale Estate Rs 90, Selva Ganapathy Supreme Rs 86, Warwick and Ella Estate Rs 83, Green View and Deepika Supreme Rs 80.
Among the orthodox teas from corporate sector, Curzon topped with Rs 144 a kg, followed by Kodanaad Rs 132, Glendale Rs 128, Curzon, Prammas and Corsley Rs 127, Kairbetta and Tiger Hill Rs 120, Havukal Rs 119, Nonsuch Rs 109, Erinkadu and Kil Kotagiri Rs 108, Terramia Rs 106, Katary Rs 105, Coonoor Tea Estate Rs 103, Sutton, Chamraj, Pascoe’s Woodlands and Craigmore Rs 102 and Parkside Rs 100.
• Check out our Yearender Special
Quotations held by the brokers indicated bids ranging from Rs 42 to 45 a kg for the plain leaf grades and Rs 64-77 for the brighter liquoring teas.
They ranged Rs 42-45 for the plain dust grades and Rs 63-78 for the brighter liquoring teas.
But, plainer sorts were the favourite of those looking for teas for blending. Consequently, the lowest price increased to Rs 42 a kg from Rs 39 at which level it ruled until now.
Exports
Export purchase was subdued. Pakistan bought cleaner blacker teas paying up to Rs 51 a kg, mostly to cover the short supplies from Kenya.
Although Mombassa auctions continued for the second week, political uncertainty affects the trade.
There, Pakistan has to pay around $2.24 a kg – some 77 cents more than this time last year.
But, strengthened orders from Pakistan are yet to come in the post-violent market trend following the murder of Benazir Bhutto.
“We are doing anticipatory buying”, an exporter told Business Line.
Other importers from Mombassa have not shifted their loyalty to India and so, no new buyer operated this week. The CIS bought medium bolder grades for around Rs 46 a kg.
Corporate buyers
Among the corporate buyers, Hindustan Unilever Ltd bought better medium leaf grades, but did not operate in the dust counter.
“Better medium CTC leaf grades were lower by Rs 1-2 a kg. Orthodox leaf grades eased Rs 2-3. Some 40 per cent of this variety was withdrawn. Orthodox dust lost Rs 5-10. High priced CTC dusts eased Rs 2-3”, an auctioneer said.
Among the CTC teas from bought-leaf factories, Darmona Estate topped with Rs 99 a kg, followed by Homedale Estate Rs 90, Selva Ganapathy Supreme Rs 86, Warwick and Ella Estate Rs 83, Green View and Deepika Supreme Rs 80.
Among the orthodox teas from corporate sector, Curzon topped with Rs 144 a kg, followed by Kodanaad Rs 132, Glendale Rs 128, Curzon, Prammas and Corsley Rs 127, Kairbetta and Tiger Hill Rs 120, Havukal Rs 119, Nonsuch Rs 109, Erinkadu and Kil Kotagiri Rs 108, Terramia Rs 106, Katary Rs 105, Coonoor Tea Estate Rs 103, Sutton, Chamraj, Pascoe’s Woodlands and Craigmore Rs 102 and Parkside Rs 100.
• Check out our Yearender Special
Quotations held by the brokers indicated bids ranging from Rs 42 to 45 a kg for the plain leaf grades and Rs 64-77 for the brighter liquoring teas.
They ranged Rs 42-45 for the plain dust grades and Rs 63-78 for the brighter liquoring teas.
Monday, January 14, 2008
Coonoor Tea Prices Mixed
Coonoor: Prices refused to rise significantly at the second auctions for 2008 of the Coonoor Tea Trade Association (CTTA) despite the volume offered being low at 8.86 lakh kg because of selective demand.
“Brighter liquoring CTC leaf grades sold firm to dearer on competition. But, browner sorts fetched Rs 1.50 a kg lower. Plainer bolder grades eased Rs 1 a kg. Smaller brokens and fannings, however, gained Rs 2. Broken orthodox leaf grades lost up to Rs 2. The secondary grades and fannings sold at last levels. CTC dust grades eased up to Rs 1. Orthodox dust grades were dearer up to Rs 2. Most secondary dust grades were withdrawn for want of bids”, an auctioneer told Business Line.
Exports
On the export front, Pakistan continued to show interest for blacker cleaner smaller description in the wake of short supplies from Kenya.
“Although auctions resumed in Mombassa this week after a fortnight, market has not become normal following the disruption due to the post-poll violence. Teas became expensive in Mombassa by as much as 40 cents a kg in the fortnight gap, with speculators spreading fears of short supplies in the backdrop of political disturbances”, an exporter said.
The CIS and Poland shippers were mentionably selective. There was no noticeable buying for other countries.
• Check out our Yearender Special
Hindustan Unilever Ltd was forceful in the leaf counter, but did not operate in the dust sale. J.V. Gokal was active on the whole leaf orthodox teas.
Among the CTC teas from bought-leaf factories, Darmona Estate got the highest price of Rs 98 a kg, followed by Homedale Estate Rs 96, Greenview Estate Rs 84, Hittakkal Estate Rs 83, Vigneshwar Estate Rs 82, Highfield Estate Special and Ella Estate Rs 81, Professor and Kannavarai Rs 80.
Among the orthodox teas from corporate sector, Curzon got the highest price of Rs 142 a kg, followed by Kil Kotagiri Rs 129, Prammas Rs 128, Kodanaad and Kairbetta Rs 126, Havukal Rs 119, Quinshola Rs 118, Chamraj and Pasco’s Woodlands Rs 116, Glendale Rs 104, Erinkadu and Coonoor Tea Rs 102, Craigmore and Parkside Rs 100.
Quotations held by the brokers indicated bids ranging from Rs 39-43 for the plain leaf grades and Rs 64-78 for the brighter liquoring sorts. They ranged Rs 42-46 for the plain dust grades and Rs 65-80 for the brighter liquoring sorts.
“Brighter liquoring CTC leaf grades sold firm to dearer on competition. But, browner sorts fetched Rs 1.50 a kg lower. Plainer bolder grades eased Rs 1 a kg. Smaller brokens and fannings, however, gained Rs 2. Broken orthodox leaf grades lost up to Rs 2. The secondary grades and fannings sold at last levels. CTC dust grades eased up to Rs 1. Orthodox dust grades were dearer up to Rs 2. Most secondary dust grades were withdrawn for want of bids”, an auctioneer told Business Line.
Exports
On the export front, Pakistan continued to show interest for blacker cleaner smaller description in the wake of short supplies from Kenya.
“Although auctions resumed in Mombassa this week after a fortnight, market has not become normal following the disruption due to the post-poll violence. Teas became expensive in Mombassa by as much as 40 cents a kg in the fortnight gap, with speculators spreading fears of short supplies in the backdrop of political disturbances”, an exporter said.
The CIS and Poland shippers were mentionably selective. There was no noticeable buying for other countries.
• Check out our Yearender Special
Hindustan Unilever Ltd was forceful in the leaf counter, but did not operate in the dust sale. J.V. Gokal was active on the whole leaf orthodox teas.
Among the CTC teas from bought-leaf factories, Darmona Estate got the highest price of Rs 98 a kg, followed by Homedale Estate Rs 96, Greenview Estate Rs 84, Hittakkal Estate Rs 83, Vigneshwar Estate Rs 82, Highfield Estate Special and Ella Estate Rs 81, Professor and Kannavarai Rs 80.
Among the orthodox teas from corporate sector, Curzon got the highest price of Rs 142 a kg, followed by Kil Kotagiri Rs 129, Prammas Rs 128, Kodanaad and Kairbetta Rs 126, Havukal Rs 119, Quinshola Rs 118, Chamraj and Pasco’s Woodlands Rs 116, Glendale Rs 104, Erinkadu and Coonoor Tea Rs 102, Craigmore and Parkside Rs 100.
Quotations held by the brokers indicated bids ranging from Rs 39-43 for the plain leaf grades and Rs 64-78 for the brighter liquoring sorts. They ranged Rs 42-46 for the plain dust grades and Rs 65-80 for the brighter liquoring sorts.
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