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Tea prices rise 124% in Coonoor auctions

The average value at the auctions of Coonoor Tea Trade Affiliation (CTTA) has risen as a great deal as 124.13 for each cent in the previous one particular calendar year.

At the most up-to-date sale 37, the average value rose to ₹192.35 a kg from ₹85.82 this time previous calendar year. This marked a whopping increase of ₹106.fifty three a kg or 124.13 for each cent.

Floods in some tea manufacturing States including Assam, West Bengal and Kerala have restricted the stream of leaves from the factories there to the current market. On the other hand, the easing of the lockdown has introduced traders again to organization in lots of States. Collectively, the upcountry consumers are sourcing far more teas from the South and have found that they get top quality teas from The Nilgiris at cost-effective value and these things have assisted selling prices at CTTA auctions to increase.

Consequently, in spite of the significant value increase, virtually 85 for each cent of the present was purchased.

Homedale Estate’s Pink Dust quality, auctioned by World wide Tea Brokers, topped the overall auctions when Nilgiri Greens And Company purchased it for ₹306 a kg.

Homedale Estate’s Pekoe Dust quality, auctioned by World wide Tea Brokers, adopted it with ₹299.

In Leaf tea auctions, Lakshmi Estate’s Broken Orange Pekoe quality, auctioned by Paramount Tea Promoting Pvt Ltd., topped when Santhosh Tea Industries purchased it for ₹300 a kg.

Between other CTC teas, Pinewood Estate obtained ₹281, Kannavarai Estate ₹269, Cross Hill Estate Special ₹261, Shanthi Supreme ₹258 and Vigneshwar Estate ₹257.

Between orthodox teas, Kodanad obtained ₹280, Glendale ₹255, Chamraj and High Cliff Orthodox ₹251 each individual, Devashola ₹246, Kairbetta ₹242, Siruvani ₹241, Nonsuch Orthodox ₹227, Kil Kotagiri and Mailoor ₹226 each individual, Havukal ₹221, Goldsland ₹220, Erinkadu ₹219, Kotada ₹215 and Brookelands Gold ₹200.