Cold conditions continue to hit tea arrivals in Coonoor auctions  bl-premium-article-image

V Sajeev Kumar Updated - February 13, 2023 at 09:38 PM.

Weather conditions in growing regions have hit tea arrivals in Coonoor auctions, but blenders support lifted prices of some CTC leaf varieties.

According to traders, winter has affected plucking in many growing areas and factories are working once in a week, hitting tea arrivals at the auctions. This is evident from the offered quantities for the trading as the total offerings in leaf was 7,65,731 kg in sale 6. Of this, 76 per cent was sold. In dust category, the offered quantity was 2,59,925 kg with 88 per cent sold.

Traders said blenders support has facilitated some improvement in prices for some varieties, witnessing a good sales percentage.  

Global Tea Auctioneers said that high-priced and better liquoring sorts in leaf CTC was dearer by ₹2-3 and more at times in line with quality. The better medium sorts were fully firm to dearer by ₹1-2, occasionally some lots sold lower by ₹2-3.

The mediums and plainer sorts were lower by ₹1-2 and more at times with fair withdrawals more particularly on the bolder grades.

In leaf orthodox, primary whole leaf grades had fair demand and sold dearer by ₹4-5. The high-priced and better liquoring sorts were barely steady to occasionally easier by ₹2-3 and certain lots sold dearer by ₹2-3 as well.

In dust orthodox, primary orthodox dust grades were occasionally dearer by ₹2-3. Secondaries and finer dusts were lower by ₹1-2.

Published on February 13, 2023 08:57

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.