The drop in quantity witnessed in latest weeks in the auctions of Coonoor Tea Trade Association carries on this 7 days, with the quantity catalogued for Sale eleven, which will conclude on Friday, declining to twelve.ninety five lakh kg.
This is some 85,000 kg considerably less than the quantity made available for previous week’s sale. It means the quantity has fallen by as substantially as 2.eighty one lakh kg in the previous fortnight.
Of the twelve.ninety five lakh kg made available, as substantially as eleven.ninety two lakh kg belongs to CTC variety and only 1.07 lakh kg to orthodox variety. The proportion of orthodox teas carries on to be lower in the two leaf and dust grades. In the leaf counter, only 75,000 kg belongs to orthodox while eight.22 lakh kg, CTC. Amid the dusts, only 32,000 kg belongs to orthodox while three.70 lakh kg, CTC. In all, eight.ninety seven lakh kg belongs to Leaf grades and four.02 lakh kg, Dust grades.
Homedale Tea Manufacturing facility topped the whole auctions previous 7 days when its Broken Pekoe Leaf grade, auctioned by Global Tea Brokers, was bought by Tea Solutions India Pvt Ltd for ₹311 a kg. At the Dust tea auctions, Homedale Pekoe Dust grade, auctioned by Global Tea Brokers, topped at ₹300. A few other grades of Homedale teas, auctioned by Global Tea Brokers, received ₹292, ₹290 and ₹285. Four grads of Pinewood Estate received ₹226, ₹221, ₹217 and ₹205 while a few grades of Vigneshwar Estate received ₹211, ₹208 and ₹204.
Quotations with the brokers indicated ₹60-62 a kg for plain Leaf grades and ₹78-126 for the most effective grades. For plain Dust grades, they ranged ₹60-62 and for the most effective grades, ₹78-one hundred twenty.