93% teas sold at Coonoor auctions

The average price ranges rose at sale 34 of the auctions of Coonoor Tea Trade

The average price ranges rose at sale 34 of the auctions of Coonoor Tea Trade Association rose to an all-time substantial level of ₹172.62 a kg – some ₹5 per kg extra than final week.

However, about 93 per cent of the present was marketed because of amplified need from upcountry consumers. Floods in Assam, West Bengal and Kerala impacting the supply of teas from these States and the leisure of lockdown in some States, moreover a typical improvement in quality assisted price ranges to rise.

Among orthodox teas, two grades of Substantial Cliff Factory, auctioned by Paramount Tea Advertising P Ltd., topped the full auctions when Nisha Enterprises acquired them for ₹ four hundred a kg each individual.

Kodanad obtained ₹282, Kairbetta ₹274, Glendale ₹235, Devashola and Siruvani ₹231 each individual, Lockhart ₹215, Goldsland and Kil Kotagiri ₹211 and Havukal ₹205.

In the CTC sector, Homedale Estate’s Pekoe Dust grade, auctioned by World wide Tea Brokers, topped when Shree Abirami Enterprises acquired it for ₹301 a kg.

Pinewood Estate obtained ₹272, Kannavarai Estate ₹250, Vigneshwar Estate ₹ 245, Deepika Supreme ₹240, Shanthi Supreme ₹239, Cross Hill Estate Exclusive ₹238, Palmira Estate ₹231, Bellati Estate and Riverside Estate ₹230 each individual and Professor Superfine ₹226.

There was disruption in the NSEIT system owing to hyperlink failure ensuing in reduce value realisation in the normally buoyant sector pattern, auction sources stated.