For sale 29 of the auctions of Coonoor Tea Trade Association to be held on Thursday and Friday immediately after the Bakrid holidays in numerous countries, a volume of 23.84 lakh kg is staying offered.
This is as much as 1.20 lakh kg much less than the supply for past week’s auctions.
The lower supply is said to be because of a drop in output arising from unfavourable weather conditions circumstances. “The existing weather conditions is not conducive for high-quality output of big amount tea,” Ramesh Chander, President, The Nilgiris Small Tea Growers’ Association informed BusinessLine.
“There has been significant wind for the previous ten times which has built the tea leaves glance like paper with out the much-desired juice. This will have an effect on the high-quality of the produced tea. With no sunshine for some times now and the greater part of modest growers engaged in ‘Devahabba’ neighborhood festival of the Baduga neighborhood past 7 days, we anticipate a 20 for every cent drop in tea output till August stop,” he said.
Of the 23.84 lakh kg offered for this week’s auctions, as much as 22.65 lakh kg belongs to CTC wide range and only 1.19 lakh kg orthodox wide range. In the leaf tea counter, only 78,000 kg belongs to orthodox when seventeen.41 lakh kg, CTC. Among the dust tea, only 41,000 kg belongs to orthodox when 5.24 lakh kg, CTC. In all, 18.19 lakh kg belongs to Leaf grades and 5.65 lakh kg, Dust grades.
The environmentally friendly tea from Pascoes Woodlands, auctioned by Paramount Tea Promoting (SI) P Ltd, topped the auctions past 7 days when Shree Ganesh Tea Investing Corporation purchased it for ₹305 a kg. Among CTC teas, Homedale Estate’s Damaged Orange Pekoe Fanning quality, auctioned by Worldwide Tea Brokers, topped when Tea Companies India Pvt Ltd purchased it for ₹297 a kg.
Quotations with the brokers indicated ₹75-seventy seven a kg for simple Leaf grades and ₹156-198 for the ideal grades. For simple Dust grades, they ranged ₹77-84 and for the ideal grades, ₹174-216.