The special pan-India auction of The Golden Leaf India Award (TGLIA) contest teas held as the inaugural sale of the newly-launched UPASI Commodities Exchange Ltd (UCEL) portal generated Rs 68 lakh turnover in little over two hours.
“The average price at the leaf auction was Rs 164.35 a kg and at the dust auction, Rs 152.46. Overall, prices averaged Rs 160.02 a kg,” TGLIA Convener C. Shreedharan told Business Line. Of the 71,338 kg on offer, 42,689 kg was sold, marking a sale proportion of 60 per cent.
In the Leaf auction, while Avataa tea of Bluegate Beverages, Billimalai, topped at Rs 1,750 a kg with another lot of Avataa coming second at Rs 701, the third, Kodanad, was at a distant Rs 301. In all, 12 marks entered in Rs 200-299 bracket. The lowest was Rs 100 a kg.
In the Dust auction, while Vigneshwar Estate Speciality topped at Rs 504 a kg., the second was at a distant Rs 176. The lowest was Rs 103.
The date of the next UCEL auction has not yet been announced.