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The auctions of Coonoor Tea Trade Association have begun on a happy note in calendar 2017 with as much as 94 per cent of 9.80 lakh kg offered being absorbed at an average price of ₹108.92 per kg – the highest in 10 months. Homedale Estate’s Red Dust, auctioned by Global Tea Brokers, topped the Dust auction and the entire CTC market when Oswal Tea Traders bought it for ₹241 per kg. In the CTC Leaf market, Vigneshwar Speciality, auctioned by Paramount Tea Marketing, topped at ₹240,. In the orthodox market, Chamraj and Kodanad topped at ₹276 a kg each.
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