Coonoor tea auctions continue to experience declining tea shipments, with prices of almost all varieties trending downwards. Declining mercury levels are said to be the reason for the reduced yields in the trading session.
At Sale 9, CTC Reef’s high priced and good recurring sorts were priced at INR 3-4 or even more at times. The better medium sort also dropped 1-2 rupees but had some drawers. Medium was barely stable at INR 1-2. The plainer types were in less demand and sold for 2-3 Indian rupees cheaper, sometimes with fair withdrawals.
According to Global Tea Auctioneers, the quantity offered in leaf grade was 8,14,491 kg, of which only 72% was sold. For the dust grade, the total amount offered was 3,04,302 kg, with 90% sold.
Homedale Estate RD, sold at Rs 355, is the highest price realized in the leaf and dust category among leaf mills purchased by CTC, the auctioneer said.
Expensive CTC Dust Dip
Leading whole leaf grades of Leaf Orthodox were in considerable demand and priced at INR 3-4.
Higher priced teas and fine liquors from CTC Dust were 4-5 Indian dollars lower. Better medium varieties were also 2-3 INRs cheaper, while high quality lots were sometimes sold 1-2 INR more. Generally, it was easily judged at 2-3 Indian rupees.
In orthodox dust, orthodox dust grade primaries showed considerable demand, selling high at INR 8-10.