The weekly Dust tea auctions of Coonoor Tea Trade Association which are commonly held on Fridays will be held on Saturday this 7 days mainly because the sector was closed on Friday for Ramalan / Ramadan competition.
In all, 7.08 lakh kg Dust quality will be offered for this Sale No: 19. Of this, 6.53 lakh kg belongs to CTC selection and 55,000 kg, orthodox selection.
With each other with the leaf grades, a total of 22.89 lakh kg is being offered for this sale which will conclude on Saturday.
It is the 2nd best volume so significantly this calendar – just forty three,000 kg considerably less than the year’s best volume of 23.32 lakh kg offered a fortnight in the past.
This is as significantly as 2.08 lakh kg much more the give for the former 7 days and features some teas unsold in former auctions but most volume is contemporary arrival of the teas made with the green leaf plucked right after the current unseasonal but favourable rains.
“The green tea of Pascoes Woodlands topped the full auctions previous 7 days when Ketti Valley Tea Indian Pvt Ltd purchased it for ₹300 a kg,” Ravichandran Broos, Common Supervisor of Paramount Tea Promoting, who auctioned this tea, explained to BusinessLine.
Amid orthodox teas, Kodanad bought ₹284, Chamraj ₹271, Kairbetta ₹243, Glendale ₹232, Havukal ₹230 and Nonsuch Orthodox ₹221.
Homedale Estate’s Red Dust quality, auctioned by Global Tea Brokers, topped the CTC auctions when GLT Enterprises purchased it for ₹270 a kg. Amid other CTC teas, Pinewood Estate bought ₹261, Crosshill Estate Specific ₹256 and Vigneshwar Estate ₹206.
Quotations with the brokers indicated ₹95-104 a kg for basic Leaf grades and ₹ one hundred sixty-182 for the best grades. For basic Dust grades, they ranged ₹100-102 and for the best grades, ₹150-206.
The Coonoor tea auctions are being held right after the Nilgiris collector Harmless Divya exempted them from the ongoing lockdown in Tamil Nadu to deal with the Covid pandemic.
Stating that tea is an necessary commodity, she accorded permission for conduct of e-auction and other functions relating to tea trade, manufacture and plantation, except in containment zones.