May 05, 2021
Pascoes Woodlands Green tea topped the entire auctions last week
After the offer of the year’s highest volume for Sale No: 17 of the auctions of Coonoor Tea Trade Association, the volume has fallen by 2.51 lakh kg for Sale No: 18 to be held on Thursday and Friday.
In all, 20.81 lakh kg has been catalogued which includes some teas unsold in previous auctions but most volume is fresh arrival of the teas manufactured with the green leaf plucked after the recent unseasonal but favourable rains.
Of the 20.81 lakh kg offered for this week’s auctions, as much as 19.60 lakh kg belongs to CTC variety and only 1.21 lakh kg orthodox variety. The proportion of orthodox teas continues to be low in both leaf and dust grades. In the leaf tea counter, only 82,000 kg belongs to orthodox while 13.98 lakh kg, CTC. Among the dust tea, only 39,000 kg belongs to orthodox while 5.62 lakh kg, CTC. In all, 14.70 lakh kg belongs to Leaf grades and 6.01 lakh kg, Dust grades.
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
26% teas remain unsold at Coonoor sales
April 19, 2021
No takers despite price crashing to year’s lowest
There were no takers for about 26 per cent of the offer worth ₹ 5.60 crore at Sale No: 15 of the auction of Coonoor Tea Trade Association despite the average price crashing to year’s lowest level of ₹ 114.80 a kg.
On the one hand, the volume offered – 18.65 lakh kg – was the year’s second highest quantity.
On the other, demand was not matching this supply as some upcountry buyers said that before investing on high priced teas, they would wait to see if there would be any trade restrictions in the wake of second wave of Covid-19.
Upasi conducts first level screening of teas for Golden Leaf India awards
April 12, 2021
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The first level screening of teas for the 17th edition of The Golden Leaf India Awards (TGLIA) organised by UPASI was held on Saturday at Coonoor, Tamil Nadu.
A 3-member panel comprising Koshy Panicker of J. Thomas & Co. P. Ltd, A. Noor Mohamed of Paramount Tea Marketing (SI) P. Ltd, and Thomas Mathews of Forbes & Co evaluated the teas that had entered the competition.
There were 133 entries from 40 estates/companies/factories from different agro-climatic regions of Nilgiris, Wayanad, Anamallais, Travancore, High Ranges, other minor tea growing regions and from Bought Leaf Factories.
Teas screened for award
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The first round of screening for the Golden Leaf India Awards: Southern Tea Competition (TGLIA) was held at Coonoor on Saturday.
According to a press release, the 17th edition of the competition, organised by the United Planters Association of South India and the Tea Board of India, received 133 entries from 40 estates, companies or factories from the Nilgiris, Wayanad, Anamallais, etc.
Arun Kumar, convenor of the organising committee of the competition, said that a three-member panel comprising of Koshy Panicker of J. Thomas & Co, A. Noor Mohamed of Paramount Tea Marketing, and Thomas Mathews of Forbes & Co evaluated the teas.