Tea auction for 2021 ends today
The auctions of Coonoor Tea Trade Affiliation (CTTA) for 2021 ends with sale fifty one on Thursday.
Thereafter, the sector will continue to be closed for Xmas-New Yr family vacation and will re-open up on January six.
Tea Bord has introduced that from sale 1 of 2022, all auctions in South India will switch over to ‘Bharath Auction’ module from the current ‘English auction’ module.
For the last CTTA auctions of 2021, a volume of 18.36 lakh kg has been catalogued. This is 1.17 lakh kg additional than the give for last week’s auctions. It involves some teas which had remained unsold in the former auctions.
Of the 18.36 lakh kg available for this week’s auctions, as significantly as 17.forty three lakh kg belongs to CTC wide range and only ninety three,000 kg orthodox wide range. The proportion of orthodox teas continues to be small in both leaf and dust grades. In the leaf tea counter, only 65,000 kg belongs to orthodox while 13.ninety four lakh kg, CTC. Between the dust tea, only 28,000 kg belongs to orthodox while three.49 lakh kg, CTC. In all, fourteen.fifty nine lakh kg belongs to Leaf grades and three.77 lakh kg, Dust grades.
“Internal enquiry was tellingly robust for CTC dust teas last 7 days. Specifically the finer Dust teas ended up dearer. As significantly as 92 for every cent of the CTC dust teas was offered at an normal value of ₹94.seventy two a kg”, auctioneer M Ravichandran Broos, Vice President, Paramount Tea Advertising (SI) P Ltd., advised BusinessLine.
Homedale Estate’s Red Dust grade, auctioned by International Tea Auctioneers Pvt Ltd (GTAPL) topped the overall auction this 7 days when Tea Expert services India Pvt Ltd., acquired it for ₹361 a kg. Homedale Estate’s Damaged Orange Pekoe grade, auctioned by GTAPL, topped the leaf tea auctions fetching ₹300 a kg. These ended up the only two grades which entered the ₹300/kg bracket. Between other CTC teas, Crosshill Estate Specific acquired ₹260, Vigneshwar Estate ₹241, Pinewood estate ₹240 and Deepika Supreme ₹204.
Quotations with the brokers indicated ₹73-eighty a kg for plain Leaf grades and ₹145-a hundred and eighty for the ideal grades. For plain Dust grades, they ranged ₹62-79 and for the ideal grades, ₹153-205.