3 CTC leaf grades – Crosshill Estate Distinctive, Pinewood Estate and Pinewood High quality – topped the complete auctions of sale 7 of Coonoor Tea Trade Affiliation fetching ₹300 a kg each and every.
Between other CTC teas, Riverside Estate bought ₹ 225, Homedale High quality ₹ 217, Vigneshwar Estate ₹ 216, Kannavarai Estate₹ 213, Waver Tree and Palmera Estate ₹ 211 each and every, Shanthi Supreme and Bellatti Estate ₹ 209 each and every, Hittakkal Estate ₹ 208 and Professor Superfine ₹ 200.
Between orthodox teas, Kodanad bought ₹ 275, Havukal ₹ 253, Kairbetta ₹ 242, Kil Kotagiri ₹ 221, Devashola ₹ 211 and Narikkal Estate ₹ 201.
Total, teas worth ₹ 7.77 crore remained unsold as there were no takers for as significantly as 40 for every cent of the provide.
This was in spite of the normal selling price dropping to ₹ 131.51 a kg – the lowest so much in calendar 2021.
As only eight.86 lakh kg was marketed in opposition to 9.68 lakh kg past 7 days in spite of the selling price fall, the all round earnings this 7 days dropped to ₹ eleven.65 crore from past week’s ₹ 12.ninety crore. As a result, the earnings fell by ₹ one.25 crore or 9.sixty nine for every cent in just a person 7 days.
Each the upcountry buyers and exporters were selective and showed hesitancy to pick up high priced teas.
Severe winter situations in quite a few nations around the world, together with sections of the US, Russia, Europe and Japan exactly where waterways are frozen obstructing the movement of merchandise, have impacted tea shipments, some exporters explained.