Coonoor , FEB. 25:

New price records were created at Sale No: 8 of Coonoor Tea Trade Association (CTTA) auctions when about 90 per cent of the year’s lowest offer of 12.51 lakh kg was sold.

The Broken Orange Pekoe Dust special grade of orthodox category of Highfield Estate, auctioned by Contemporary Tea Auctioneers, created a new price record when Kushal Tea Company bought it for Rs 291 a kg. This was the highest price fetched by any orthodox dust grade of any factory ever since CTTA auctions started 50 years ago.

The oldest bought-leaf tea factory in Kotagiri region, Cross Hill Tea Factory, created a hat-trick by topping the CTC market for the third consecutive week. Homedale Tea Factory tea, auctioned by Global Tea Brokers, fetched the highest price of Rs 168 a kg in CTC dust auction. Vigneshwar Estate got Rs 161. In all, 79 marks got Rs 125 and more a kg.

Among orthodox teas, Chamraj got Rs 260 a kg, Kodanad Rs 201, Kairbetta Rs 179, Havukal Rs 170, Glendale Rs 167 and Prammas Rs 165. In all, 79 marks got Rs 100 and more.

source: http://www.TheHinduBusinessLine.com / Home> Industry> Agri-Biz / by P. S. Sundar / Coonoor, February 25th, 2013