A few CTC leaf grades – Crosshill Estate Unique, Pinewood Estate and Pinewood Top quality – topped the whole auctions of sale seven of Coonoor Tea Trade Association fetching ₹300 a kg each.
Among the other CTC teas, Riverside Estate received ₹ 225, Homedale Top quality ₹ 217, Vigneshwar Estate ₹ 216, Kannavarai Estate₹ 213, Waver Tree and Palmera Estate ₹ 211 each, Shanthi Supreme and Bellatti Estate ₹ 209 each, Hittakkal Estate ₹ 208 and Professor Superfine ₹ two hundred.
Among the orthodox teas, Kodanad received ₹ 275, Havukal ₹ 253, Kairbetta ₹ 242, Kil Kotagiri ₹ 221, Devashola ₹ 211 and Narikkal Estate ₹ 201.
Total, teas worthy of ₹ seven.seventy seven crore remained unsold as there had been no takers for as significantly as forty for each cent of the offer you.
This was inspite of the ordinary value dropping to ₹ 131.51 a kg – the lowest so considerably in calendar 2021.
As only eight.86 lakh kg was bought towards 9.68 lakh kg previous 7 days inspite of the value slide, the total earnings this 7 days dropped to ₹ 11.65 crore from previous week’s ₹ twelve.90 crore. Therefore, the earnings fell by ₹ 1.twenty five crore or 9.sixty nine for each cent in just a single 7 days.
Both of those the upcountry purchasers and exporters had been selective and confirmed hesitancy to pick up superior priced teas.
Harsh winter season circumstances in many nations, together with parts of the US, Russia, Europe and Japan where by waterways are frozen obstructing the movement of products, have influenced tea shipments, some exporters explained.