Commodity News Update- Coonoor tea auction average price
Coonoor tea auction average price rules over ₹100/kg for the third week
The Coonoor Tea Trade Association has done a hat-trick of sorts with the average price at its auctions ruling above₹100/kg for the third consecutive week, a phenomenon never seen since April 21, 2017.
At Sale No: 48, average prices rose to₹103.71 a kg from the previous week’s ₹102. 53.
Besides, this was as much as ₹28 more per kg compared to the price fetched this time last year. Despite this, 89 percent of the offer was sold due to increased demand.
Homedale Pekoe Dust, auctioned by Global Tea Brokers, topped the entire CTC auctions when Shreeji Traders bought it for ₹239 a kg. Homedale Estate’s Super Red Dust grade, auctioned by Global Tea Brokers, followed at ₹228.
In the CTC Leaf tea auctions, two grades of Homedale Estate tea, auctioned by Global Tea Brokers, topped at ₹237, and ₹212 each.
Among orthodox teas, Chamraj topped at ₹248 followed by Kodanad ₹233 and Kairbetta ₹220.
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