Stock Market Tips, Volume rises at Coonoor tea sale
A volume of 10.34 lakh kg has been cataloged for Sale No: 8 of the auctions of Coonoor Tea Trade Association to be held on Thursday and Friday.
t is some 41,000 kg more than the offer for last week’s auctions.
Of this, 6.86 lakh kg belongs to leaf grades and 3.48 lakh kg, dust grades. As much as 9.45 lakh kg belongs to CTC variety and only 89,000 kg, orthodox variety. The proportion of orthodox teas continues to be low in both leaf and dust grades. In the leaf counter, only 49,000 kg belongs to orthodox while 6.37 lakh kg, CTC. Among the dust, only 40,000 kg belongs to orthodox while 3.08 lakh kg, CTC.
Homedale Estate’s Red Dust, auctioned by Global Tea Brokers, topped not only the Dust tea auctions but the entire auction last week when TRP Tea and Commodities bought it for ₹277 a kg. This was the highest price of any tea, CTC or orthodox, from any factory, corporate or bought-leaf. Homedale Estate’s Super Red Dust tea, auctioned by Global Tea Brokers, followed at ₹268.
In the CTC Leaf Tea auctions, Homedale Estate tea, auctioned by Global Tea Brokers, topped at ₹265 followed by Vigneshwar Estate tea, auctioned by Paramount Tea Marketing at ₹205.
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