Ripples Advisory, 91% teas sold at Coonoor auctions
Around 91 per cent of the offer at Sale No: 28 of the auctions of Coonoor Tea Trade Association was sold despite the average price rising to ₹81.80 a kg from the last week’s ₹78.77 due to better demand. Homedale Estate’s Pekoe Dust, auctioned by Global Tea Brokers, topped the entire CTC auctions when Oswal Tea Traders bought it for ₹251 a kg. In the CTC Leaf auctions, Homedale Estate’s Broken Orange Pekoe tea, auctioned by Global Tea Brokers, topped at ₹207. Among orthodox teas, Kodanad topped at 277 a kg. Robroy Estate got ₹200. Teas from all other factories fetched less than ₹200/kg.
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