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87% tea sold in Coonoor auctions

87% tea sold in Coonoor auctions

JUNE 11 2018

 

In all, 87 per cent of the offer at Sale No: 22 of the auctions of Coonoor Tea Trade Association was sold with the average price crashing to ` 78.58 a kg – the lowest since Dec 8, 2017. Homedale Estate’s Red Dust, auctioned by Global Tea Brokers, topped the entire auction beating even the corporate orthodox teas when Pooja Trading Co bought it for 229 a kg. Homedale Estate’s Pekoe Dust, auctioned by Global Tea Brokers, followed at 223. In the CTC Leaf tea auctions, Darmona Estate tea, auctioned by J Thomas and Co., topped at 211. Among orthodox teas, Kodanad topped at 215 a kg. Teas from no other producer could cross 200/kg mark.

 

Source:https://www.thehindubusinessline.com

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