Despite prices crashing to year s lowest, over 44% teas unsold thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Year s highest volume catalogued for sale at Coonoor tea auctions thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
12-week high price at Coonoor tea auction
May 17, 2021
No takers for 20% of the offer
The average price at Sale 19 of the auction of Coonoor Tea Trade Association (CTTA) rose to a 12-week high level of ₹125.87 a kg – up from previous week’s ₹121.53.
However, as various States imposed stringent Covid-19 restrictions, the demand was generally weak resulting in withdrawals across the different lots.
In all, teas worth ₹5.78 crore remained unsold as there were no takers for some 20 per cent of the offer.
“The green tea of Pascoes Woodlands topped the entire auctions when Komal Enterprises bought it for ₹301 a kg,” Ravichandran Broos, General Manager of Paramount Tea Marketing, who auctioned this tea, told
Tea auctions resume after closure for Ramalan
May 15, 2021
Collector exempts tea auctions from ongoing lockdown The weekly Dust tea auctions of Coonoor Tea Trade Association which are normally held on Fridays will be held on Saturday this week because the market was closed on Friday for Ramalan / Ramadan festival.
In all, 7.08 lakh kg Dust grade will be offered for this Sale No: 19. Of this, 6.53 lakh kg belongs to CTC variety and 55,000 kg, orthodox variety.
Together with the leaf grades, a total of 22.89 lakh kg is being offered for this sale which will conclude on Saturday.
It is the second highest volume so far this calendar – just 43,000 kg less than the year’s highest volume of 23.32 lakh kg offered a fortnight ago.