The average price realisation was down by Rs. 4 in the leaf category and the drop was around Rs. 3 in dust category compared to the previous week
Higher arrivals and a subdued demand dragged tea prices at Coonoor auctions resulting in a drop in the average price realisation.
According to traders, the market was on a downward trend in sale 21 and there was better sales activity at these levels. The sales percentage was up thanks to increased tea arrivals from production centres.
The average price realisation was down by Rs. 4 in the leaf category at Rs. 93.10 compared to Rs. 97.57 in the last week. In dust prices, the drop was around Rs.3 at Rs.106 compared to Rs.109 in the previous week.
Global Tea Auctioneer said the offered quantity in the leaf category was 13,56,823 kg of which 88 per cent sold. In dust, the quantity offered was 5,93,385 kg and 77 per cent was sold.
In CTC leaf, the high-priced and better liquoring sorts were generally easier by Rs.5-6 with the volume of withdrawals being high. Better medium sorts were also lower by Rs.3-4. The mediums and plainer were also lower by Rs.3-4.
In leaf orthodox, primary whole leaf grades were lower by Rs.5-6. The brokens were easier by Rs.4-5 with fair withdrawals. The high-priced and better liquoring sorts in CTC dust were generally lower by Rs.6 to 8. The better medium sorts were also easier by Rs.3-4
The primary orthodox dust grades were barely steady to dearer by Rs.5-6 and more at times in line with quality. The secondaries and finer dusts were lower by Rs.2-3 with heavy withdrawals.