Tea prices hit 9-month high at Coonoor sale

PS Sundar

Coonoor, February 12

The rising trend witnessed in the recent weeks in the prices at the auctions of Coonoor Tea Trade Association continued for Sale No: 6 as well when the average price rose to ₹95.42 a kg – the highest since April 21, 2017. It was some ₹2 more over the previous week as well.

Homedale Estate’s Broken Pekoe grade, auctioned by Global Tea Brokers, topped when Santhosh Tea Industries P Ltd bought it for₹290. This was the highest price in the entire auction of any tea, CTC or orthodox, from any factory, corporate or bought-leaf.

Two other grades of Homedale Estate, auctioned by Global Tea Brokers, followed at ₹281 and ₹270.

Three grades of Vigneshwar Estate tea, auctioned by Paramount Tea Marketing, followed at ₹215, ₹202 and ₹200.

In Dust tea auctions, Homedale Estate’s two grades, auctioned by Global Tea Brokers, topped at ₹278 and ₹273.

In the orthodox tea market, Kodanad topped at ₹202. All others got less than ₹200.

Published on February 13, 2018
TOPICS
tea (commodity)

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