Comments
The prolonged snowfall in Russia and rest of the CIS, Europe, Japan as also the US limited exporters’ operation at Sale No: 6 of Coonoor Tea Trade Association auction.
“Overall, we have only fewer enquiries from our importers and that too for plainer less-priced teas,” an exporter told Business Line.
Selective purchasesThere were only selective purchases for Russia at ₹60-86 a kg. Most shippers to Pakistan were also silent contending adequate availability with their importers. Some bought for ₹73-97.
With North Indian teas reeling under end-season wafer-thin offerings amidst threat of cancellation of a few auctions in February and March for want of volume, domestic traders were active at Coonoor auction and upcountry buyers bought brighter-liquoring teas.
Overall, 82 per cent of the 13.40 lakh kg was sold with prices remaining flat.
Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market when Mittal Tea Company bought it for ₹210.
Crosshill Estate got ₹201, Vigneshwar Estate ₹198 and Shanthi Supreme ₹193. In all, 95 marks got ₹125 and more.
Among orthodox teas, Kodanad topped at ₹260 a kg followed by Highfield Estate ₹250, Corsley ₹249, Kairbetta got ₹245 and Chamraj ₹230. In all, 47 marks got ₹125 and more.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.