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Posts published in “Day: May 4, 2021

Strong demand: 87% teas sold at Coonoor auctions

While the offer of 23.32 lakh kg for Sale 17 of the auction of Coonoor Tea Trade Affiliation (CTTA) was the greatest for any auction so significantly this calendar, increased demand from customers assisted as much as 19.eighty four lakh kg of this offer (87 per cent) to be marketed in spite of the regular value mounting to ₹ 117.forty eight a kg from former week’s ₹114.fifty three.

This resulted in the overall earnings to increase to ₹23.31 crore from ₹15.78 crore, marking a growth of ₹7.fifty three crore or 47.72 per cent in just one particular week.

“Pascoes Woodlands Eco-friendly tea topped the entire auctions this week when Radhika Traders bought it for ₹300 a kg”, Ravichandran Broos, General Supervisor, Paramount Tea Marketing (SI) P Ltd., who auctioned this tea, told BusinessLine.

Amongst CTC teas, Homedale Estate’s Damaged Orange Pekoe grade, auctioned by International Tea Brokers, topped when

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