26/10/2021

Tannochbrae

Built Business Tough

93% teas sold at Coonoor auctions

The regular rates rose at sale 34 of the auctions of Coonoor Tea Trade Association rose to an all-time high stage of ₹172.62 a kg – some ₹5 for each kg extra than final week.

However, about 93 for each cent of the present was offered mainly because of greater demand from upcountry customers. Floods in Assam, West Bengal and Kerala affecting the offer of teas from these States and the relaxation of lockdown in some States, aside from a normal advancement in high quality served rates to increase.

Amongst orthodox teas, two grades of Higher Cliff Factory, auctioned by Paramount Tea Marketing and advertising P Ltd., topped the full auctions when Nisha Enterprises bought them for ₹ 400 a kg just about every.

Kodanad got ₹282, Kairbetta ₹274, Glendale ₹235, Devashola and Siruvani ₹231 just about every, Lockhart ₹215, Goldsland and Kil Kotagiri ₹211 and Havukal ₹205.

In the CTC industry, Homedale Estate’s Pekoe Dust quality, auctioned by International Tea Brokers, topped when Shree Abirami Enterprises bought it for ₹301 a kg.

Pinewood Estate got ₹272, Kannavarai Estate ₹250, Vigneshwar Estate ₹ 245, Deepika Supreme ₹240, Shanthi Supreme ₹239, Cross Hill Estate Unique ₹238, Palmira Estate ₹231, Bellati Estate and Riverside Estate ₹230 just about every and Professor Superfine ₹226.

There was disruption in the NSEIT system thanks to website link failure resulting in decreased rate realisation in the normally buoyant industry trend, auction resources mentioned.