Coonoor tea auction offer down 2.51 lakh kg

After the present of the year’s greatest volume for Sale No: 17 of the auctions of Coonoor Tea Trade Association, the volume has fallen by two.51 lakh kg for Sale No: 18 to be held on Thursday and Friday.

In all, twenty.eighty one lakh kg has been catalogued which includes some teas unsold in preceding auctions but most volume is refreshing arrival of the teas created with the inexperienced leaf plucked following the latest unseasonal but favourable rains.

Of the twenty.eighty one lakh kg offered for this week’s auctions, as a great deal as 19.sixty lakh kg belongs to CTC wide range and only one.21 lakh kg orthodox wide range. The proportion of orthodox teas carries on to be reduced in both of those leaf and dust grades. In the leaf tea counter, only 82,000 kg belongs to orthodox though thirteen.ninety eight lakh kg, CTC. Amid the dust tea, only 39,000 kg belongs to orthodox though five.sixty two lakh kg, CTC. In all, 14.70 lakh kg belongs to Leaf grades and six.01 lakh kg, Dust grades.

Pascoes Woodlands Environmentally friendly tea, auctioned by Paramount Tea Advertising and marketing (SI) P Ltd., topped the overall auctions previous week when Radhika Traders purchased it for ₹300 a kg. Amid CTC teas, Homedale Estate’s Broken Orange Pekoe grade, auctioned by World Tea Brokers, topped when Oswal Tea Traders purchased it for ₹ 296 a kg. Pinewood Estate received ₹ 256, Crosshill Estate Specific ₹ 251 and Vigneshwar Estate ₹ 200.

Quotations with the brokers indicated ₹ ninety eight-104 a kg for plain Leaf grades and ₹ a hundred and fifty five-186 for the finest grades. For plain Dust grades, they ranged ₹ ninety six-104 and for the finest grades, ₹ 151-200.

The demand from customers has been visibly up in the previous couple auctions due to amplified absorption in the context of growing Covid-19 instances as shoppers broadly believe that throughout the globe that tea will help in building immunity.