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Strong demand: 87% teas sold at Coonoor auctions
May 03, 2021
Immunity booster tag fanned the offtake
Although the offer of 23.32 lakh kg for Sale 17 of the auction of Coonoor Tea Trade Association (CTTA) was the highest for any auction so far this calendar, increased demand helped as much as 19.84 lakh kg of this offer (87 per cent) to be sold despite the average price rising to ₹ 117.48 a kg from previous week’s ₹114.53.
This resulted in the overall earnings to rise to ₹23.31 crore from ₹15.78 crore, marking a growth of ₹7.53 crore or 47.72 per cent in just one week.
“Pascoes Woodlands Green tea topped the entire auctions this week when Radhika Traders bought it for ₹300 a kg”, Ravichandran Broos, General Manager, Paramount Tea Marketing (SI) P Ltd., who auctioned this tea, told
Export demand pushes up leaf tea prices in Kochi auctions
April 30, 2021
However, higher crop arrivals cap the upside
Exporters’ participation in large numbers pushed up prices and sales of leaf varieties at Kochi auctions this week, leading to a good demand.
CIS and West Asian exporters were active compared to last two weeks and this has resulted in 88 per cent sale of the offered quantity of 2,28,943 kg. The average price realisation in sale 17 went up to touch ₹153 against ₹149/kg in the previous week, the auctioneers Forbes, Ewart & Figgis said.
The market for select best Nilgiri, whole leaf and brokens in orthodox leaf was also firm and dearer. In CTC leaf, brokens and Fannings was dearer by ₹3-7, with 91 per cent of the quantity sold out of the offerings of 55,000 kg.
Published: 28 April 2021 28 April 2021
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