All tea prices barring CTC leaf up at Coonoor tea auctions on buyers’ support
Better activity from blenders and upcountry buyers resulted in improved sales at Coonoor Tea auctions last week.
According to traders, the setting in of early winter is likely to improve the quality of the brew coming to the auction platform. The forecast is that the market is expected to improve further as the crops are coming down in many tea gardens.
Global Tea Auctioneers said the in sale 49, the percentage for leaf was 83 out of the offered quantity of 19,52,572 kg, while in dust, it was 91 per cent out of the offerings of 3,96,136 kg.
The high-priced teas in CTC leaf were lower by ₹3 to ₹4 and more at times, occasionally some quality lots sold dearer by ₹4 to ₹5. The better liquoring sorts were lower by ₹4 to ₹5 and more at times with some withdrawals.
Fair demand for CTC
In orthodox leaf, primary whole leaf grades were dearer by ₹3 to ₹4 and more at times. The primary brokens were lower by ₹3 to ₹4. The secondaries and fannings were easier by ₹1 to ₹2.
In dust CTC, high-priced and better liquoring sorts had fair demand and sold fully firm to dearer by ₹3 to ₹4. The better medium sorts were barely steady to occasionally easier by ₹1 to ₹2. The mediums and plainer sorts had fair demand and sold barely steady around last levels. Generally a fair demand was noticed in the overall CTC dust sale.
The primary orthodox dust grades sold dearer by ₹6 to ₹8. The secondaries and finer dusts were fully firm to occasionally dearer by ₹1 to ₹2.