Coonoor: Producers who auctioned their teas via the 39 auctions of the Coonoor Tea Trade Association have got Rs 119.10 crore more in the nine months of this calendar, compared to last year. In nine months, the volume sold increased to 3.83 crore kg from 2.58 crore kg. On an average, every kilo got Rs 61.26, against Rs 44.78. Consequently, the turnover increased to Rs 234.63 crore from Rs 115.53 crore. At this high price, a higher volume of 3.58 crore kg were sold (2.37 crore kg). Orthodox tea prices averaged Rs 64.52 a kg (Rs 55.70).
Showing posts with label Coonoor Tea. Show all posts
Showing posts with label Coonoor Tea. Show all posts
Monday, October 13, 2008
Thursday, September 18, 2008
Coonoor Tea Auction Sees Low Offerings - Sep 18, 2008
Coonoor: An analysis of the catalogues of the various auctioneers displays that only 10.15 lakh kg will be offered for Sale No: 38 of the auctions of Coonoor Tea Trade Association to be conducted on Sept 18 and Sept 19. This is the lowest volume in the past 24 weeks. It is one lakh kg lower than the volume presented this time last year.
Fresh arrivals account for 9.40 lakh kg in the offer of 10.15 lakh kg. The balance includes teas remaining unsold in the previous auctions. Of the 10.15 lakh kg on offer, 7.25 lakh kg belong to the leaf grades and 2.90 lakh kg belong to the dust grades. Again, as much as 9.47 lakh kg belong to CTC variety and only 0.68 lakh kg belong to orthodox variety
Fresh arrivals account for 9.40 lakh kg in the offer of 10.15 lakh kg. The balance includes teas remaining unsold in the previous auctions. Of the 10.15 lakh kg on offer, 7.25 lakh kg belong to the leaf grades and 2.90 lakh kg belong to the dust grades. Again, as much as 9.47 lakh kg belong to CTC variety and only 0.68 lakh kg belong to orthodox variety
Monday, August 4, 2008
Coonoor Tea Prices Increase - Aug 04 , 2008
Coonoor: Prices increased by Rs 4 a kg at Sale No: 31 of the Coonoor Tea Trade Association (CTTA) auctions here on Aug 1 as the demand was strong enough to absorb the huge volume of 13.39 lakh kg at high bids. Both exporters and domestic traders actively competed. They have good demand from Gujarat, Maharashtra, Punjab, Rajasthan and Karnataka. Whole leaf orthodox teas sold Rs 5-12 a kg more. Brokens got Rs 2-3 more.
High-priced CTC leaf grades were dearer by Rs 2-4. Plainers also increased by Rs 2-4. Primary orthodox dusts were up by Rs 5-10. Brighter liquoring CTC dusts got Rs 2-3 more. Better medium and medium grades appreciated by Rs 3. Plainers were dearer up to Rs 2. Among exporters, Pakistan purchased blacker cleaner sorts paying up to Rs 81 a kg.
CIS operated on bolder grades from Rs 56-64. Egypt got medium CTC dusts for up to Rs 64. Tunisia purchased CTC leaf at Rs 76. Kenya bought CTC smaller dusts for Rs 64.
High-priced CTC leaf grades were dearer by Rs 2-4. Plainers also increased by Rs 2-4. Primary orthodox dusts were up by Rs 5-10. Brighter liquoring CTC dusts got Rs 2-3 more. Better medium and medium grades appreciated by Rs 3. Plainers were dearer up to Rs 2. Among exporters, Pakistan purchased blacker cleaner sorts paying up to Rs 81 a kg.
CIS operated on bolder grades from Rs 56-64. Egypt got medium CTC dusts for up to Rs 64. Tunisia purchased CTC leaf at Rs 76. Kenya bought CTC smaller dusts for Rs 64.
Tuesday, July 22, 2008
Darmona Tea Gets Record Rate At Coonoor Auctions - July 22 , 2008
Coonoor: Darmona Estate and Tea Industry earned a package of credits at Sale No: 29 at the Coonoor Tea Trade Association (CTTA) auctions here on July 18. Three of its leaf grades shot into the Rs 100 - category. Darmona teas were the only brand among CTC purchased-leaf factories to be sold in this category. Its broken pekoe (BP) got Rs 100, while broken orange pekoe (BOP), Rs 104. Its broken orange pekoe fannings (BOPF) grade tot Rs 112 a kg, the highest for the leaf grade of any CTC tea from any purchased-leaf factory so far in 2008. The earlier record was also held by Darmona at Rs 110. Darmona's Rs 112 was the highest price got by any leaf or dust grade CTC teas from any bought-leaf factory in last week's sales.
Selva Ganapathy Supreme got Rs 93, Ella Estate and Professor Rs 90 each, Vigneshwar Estate, Green View Estate, Kannavarai Estate, Shanthi Supreme, Deepika Supreme and Hittakkal Estate Rs 89 each, Homedale Estate Rs 88, Sree Tea Supreme Rs 87, Aroma Estate, Warwick and Highfield Estate Special Rs 86 each. Among the orthodox teas from corporate sector, Parkside got Rs 128, Chamraj Rs 125, Mailoor Rs 121, Coonoor Tea Rs 120, Havukal Rs 107, Tiger Hill Rs 105, Curzon and Glendale Rs 104 each and Kairbetta Rs 101. Some lost Rs 5 a kg. Few CTC leaf lots were taken out of the auction, but improved invoices fetched Rs 2 more. Good demand was seen for brighter liquoring CTC dusts.
Selva Ganapathy Supreme got Rs 93, Ella Estate and Professor Rs 90 each, Vigneshwar Estate, Green View Estate, Kannavarai Estate, Shanthi Supreme, Deepika Supreme and Hittakkal Estate Rs 89 each, Homedale Estate Rs 88, Sree Tea Supreme Rs 87, Aroma Estate, Warwick and Highfield Estate Special Rs 86 each. Among the orthodox teas from corporate sector, Parkside got Rs 128, Chamraj Rs 125, Mailoor Rs 121, Coonoor Tea Rs 120, Havukal Rs 107, Tiger Hill Rs 105, Curzon and Glendale Rs 104 each and Kairbetta Rs 101. Some lost Rs 5 a kg. Few CTC leaf lots were taken out of the auction, but improved invoices fetched Rs 2 more. Good demand was seen for brighter liquoring CTC dusts.
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.
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