A quantity of 20.28 lakh kg has been catalogued on the market 34 of the auctions of Coonoor tea Trade Association (CTTA) to be held on Thursday and Friday.
This is a few 74,000 kg lower than final week’s supply. It is the bottom quantity of the final three weeks.
“The quantity has fallen due to a decline in manufacturing arising from opposed climate – windy and moist with insufficient sunshine hours – which decreased the harvest of the uncooked materials, the inexperienced leaf”, CTTA Chairman L Vairavan instructed BusinessLine.
Of the 20.28 lakh kg provided for this week’s auctions, as a lot as 18.85 lakh kg belongs to CTC selection and only one.43 lakh kg orthodox selection. In the leaf tea counter, solely 96,000 kg belongs to orthodox whereas 14.57 lakh kg, CTC. Among the mud tea, solely 47,000 kg belongs to orthodox whereas 4.28 lakh kg, CTC. In all, 15.53 lakh kg belongs to Leaf grades and 4.75 lakh kg, Dust grades.
“The inexperienced tea from Pascoes Woodlands topped all the auctions final week when Tanmay tea Company purchased it for ₹300 a kg”, Ravichandran Broos, General Manager, Paramount Tea Marketing (SI), who auctioned this tea, mentioned.
Among CTC teas, Homedale Estate’s leaf grade, auctioned by Global Tea Brokers, topped when Gujarat Tea Processors and Packers Ltd, purchased it for ₹270 a kg. Crosshill Estate Premium and Deepika Supreme obtained ₹211 a kg every, Vigneshwar Estate ₹206 and Pinewood Estate ₹200.
Quotations with the brokers indicated ₹72-78 a kg for plain Leaf grades and ₹145-21 for the most effective grades. For plain Dust grades, they ranged ₹72-79 and for the most effective grades, ₹161-211.