Prices crash to year’s lowest in Coonoor tea auctions

Even with the regular cost crashing to ₹120.eleven a kg – the cheapest so significantly

Even with the regular cost crashing to ₹120.eleven a kg – the cheapest so significantly this calendar, there had been no takers for about 30 per cent of the supply at Sale No: thirteen of the auction of Coonoor Tea Trade Affiliation as the need was much less because of to Excellent Friday / Easter holiday seasons.

For that reason teas really worth about ₹5.28 crore remained unsold.

Homedale Estate’s Pink Dust grade, auctioned by World-wide Tea Brokers, topped the complete auction when GLT Enterprises bought it at ₹305 a kg.

Among other CTC teas, Pinewood Estate bought ₹302, Crosshill Estate Exclusive ₹ 220, Vigneshwar Estate ₹ 219 and Hittakkal Estate ₹ 206,

Among orthodox teas, Chamraj bought ₹ 276, Kodanad ₹ 265, Havukal ₹ 238, Kairbetta ₹ 236, Glendale ₹ 225, Kil Kotagiri ₹ 222, Mailoor and Nonsuch Orthodox ₹ 216 each and every and Devashola ₹ 207.

“With talks looming huge of lockdown and trade constraints to be reintroduced in diverse States to fight the 2nd wave of Covid-19, upcountry traders are preferring to ‘wait-and-watch’ ahead of investing on fresh stocks now,” a trader explained to BusinessLine.

Exporters had been also selective for the same cause.

Besides, with the North Indian teas scheduled to hit the marketplace in volumes in April and outside of, some upcountry traders are waiting around for fresh teas from that location ahead of getting in Coonoor now, traders said.