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Coonoor tea gains for 4th consecutive week

Coonoor, September 29:
For the fourth consecutive week, average prices rose at the auctions of Coonoor Tea Trade Association. The average price at Sale No: 39 rose to Rs. 76.99 a kg from last week’s Rs. 75.29. Tea worth Rs. 2.45 crore remained unsold.

Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market when Om Enterprises bought it for Rs. 202 a kg. Crosshill Estate got Rs. 191, Deepika Supreme and Hittakkal Estate Rs. 188 each, Vigneshwar Estate Rs. 183, Shanthi Supreme Rs. 181, Navilkal Estate and Sree Tea Supreme Rs. 186 each. In all, 91 marks got Rs. 125 and more.Among orthodox teas, Kodanad got Rs. 240, Havukal Rs. 224, Kairbetta Rs. 220, Corsley Rs. 201. In all, 45 marks got Rs. 125 and more.

Quotations held by brokers indicated bids ranging Rs. 43-48 a kg for plain leaf grades and Rs. 100-150 for brighter liquoring sorts. They ranged Rs. 45-54 for plain dusts and Rs. 120-190 for brighter liquoring dusts.

On the export front, Pakistan bought in a wide range Rs. 55-120 a kg.