Coonoor Auction Sees Quality Teas Fetch Premium

Despite rates falling and teas getting withdrawn from Sale No. 40 of the Coonoor Tea Trade Association (CTTA) auction last weekend, quality invoices got premium prices, an analysis of the buying pattern reveals. The Quotations held by brokers shows bids ranging from Rs 68-73 a kg for plain leaf grades and Rs 90-96 for the brighter liquoring sorts. They ranged Rs 73-76 a kg for plain dust grades and Rs 100-118 for brighter liquoring sorts. As many as 25 marks of CTC teas of bought-leaf factories remained in Rs 100 price-band.