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.
Showing posts with label Coonoor Tea Market. Show all posts
Showing posts with label Coonoor Tea Market. Show all posts
Thursday, July 17, 2008
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.
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.
Monday, April 14, 2008
Coonoor Tea Market Erratic, Volume Not Fully Absorbed
Coonoor: Market was erratic as the high-bid demand was not wide-spread to absorb the huge volume on offer at Sale No 15 of the Coonoor Tea Trade Association here on Friday.
The volume of 10.56 lakh kg on offer was the highest of the past 21 weeks.
“Following selective demand, prices for all leaf varieties eased. Bolder brokens lost significantly. In the dust sale, brighter liquoring, good medium and medium sorts were dearer while plainer teas came to an easier market,” an auctioneer told Business Line.
Homedale Estate was the only brand in the Rs 100-plus category among the CTC teas from bought-leaf factories. Its RD grade, sold by Global Tea Brokers, fetched the highest price this week at Rs 108 a kg. Manoj Enterprises, Coimbatore, bought it. Darmona Estate got Rs 88, Greenview Estate Rs 84, Professor and Vigneshwar Estate Rs 82, Deepika Estate Rs 81, Seva Ganapathy Supreme and Hittakkal Estate Rs 80.
Among the orthodox teas from the corporate sector, Tiger Hill clonal got Rs 114 a kg, followed by Chamraj Rs 113, Colacumby Rs 110, Sutton Rs 106, Mailoor and Prammas Rs 104, Glendale, Kodanaad, Curzon and Corsley Rs 100.
“Brokens and fanning orthodox teas eased Rs 1-2 a kg. Primary BOPD lost Rs 5, while other orthodox dusts Rs 3. High-priced CTC leaf lost Rs 2-3 and better mediums Rs 2, but high-priced CTC dust gained Rs 2. Good mediums were dearer by more than Rs 2. Some orthodox primary dusts suffered withdrawals,” an auctioneer said. Among exporters, Pakistan was active only on the lower end of the market for blacker descriptions. Some Egyptian was seen for medium and plainer CTC dusts. Poland and CIS shippers operated on bolder brokens.
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 sorts.
The volume of 10.56 lakh kg on offer was the highest of the past 21 weeks.
“Following selective demand, prices for all leaf varieties eased. Bolder brokens lost significantly. In the dust sale, brighter liquoring, good medium and medium sorts were dearer while plainer teas came to an easier market,” an auctioneer told Business Line.
Homedale Estate was the only brand in the Rs 100-plus category among the CTC teas from bought-leaf factories. Its RD grade, sold by Global Tea Brokers, fetched the highest price this week at Rs 108 a kg. Manoj Enterprises, Coimbatore, bought it. Darmona Estate got Rs 88, Greenview Estate Rs 84, Professor and Vigneshwar Estate Rs 82, Deepika Estate Rs 81, Seva Ganapathy Supreme and Hittakkal Estate Rs 80.
Among the orthodox teas from the corporate sector, Tiger Hill clonal got Rs 114 a kg, followed by Chamraj Rs 113, Colacumby Rs 110, Sutton Rs 106, Mailoor and Prammas Rs 104, Glendale, Kodanaad, Curzon and Corsley Rs 100.
“Brokens and fanning orthodox teas eased Rs 1-2 a kg. Primary BOPD lost Rs 5, while other orthodox dusts Rs 3. High-priced CTC leaf lost Rs 2-3 and better mediums Rs 2, but high-priced CTC dust gained Rs 2. Good mediums were dearer by more than Rs 2. Some orthodox primary dusts suffered withdrawals,” an auctioneer said. Among exporters, Pakistan was active only on the lower end of the market for blacker descriptions. Some Egyptian was seen for medium and plainer CTC dusts. Poland and CIS shippers operated on bolder brokens.
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 sorts.
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