Prices crash to year’s lowest in Coonoor tea auctions

Even with the normal value crashing to ₹120.11 a kg – the least expensive so

Even with the normal value crashing to ₹120.11 a kg – the least expensive so significantly this calendar, there were being no takers for about thirty per cent of the present at Sale No: thirteen of the auction of Coonoor Tea Trade Affiliation as the desire was a lot less owing to Very good Friday / Easter holidays.

Consequently teas value about ₹5.28 crore remained unsold.

Homedale Estate’s Pink Dust grade, auctioned by International Tea Brokers, topped the total auction when GLT Enterprises acquired it at ₹305 a kg.

Amid other CTC teas, Pinewood Estate got ₹302, Crosshill Estate Exclusive ₹ 220, Vigneshwar Estate ₹ 219 and Hittakkal Estate ₹ 206,

Amid orthodox teas, Chamraj got ₹ 276, Kodanad ₹ 265, Havukal ₹ 238, Kairbetta ₹ 236, Glendale ₹ 225, Kil Kotagiri ₹ 222, Mailoor and Nonsuch Orthodox ₹ 216 each and every and Devashola ₹ 207.

“With talks looming huge of lockdown and trade constraints to be reintroduced in various States to battle the second wave of Covid-19, upcountry traders are preferring to ‘wait-and-watch’ right before investing on clean stocks now,” a trader informed BusinessLine.

Exporters were being also selective for the similar cause.

Aside from, with the North Indian teas scheduled to hit the marketplace in volumes in April and past, some upcountry traders are ready for clean teas from that area right before getting in Coonoor now, traders said.