Tea prices witnessed mixed performance in the latest Coonoor auctions, with orthodox leaf grades benefiting from exporter support while other categories remained stable. According to reports from The Hindu BusinessLine, sales percentage in leaf grades reached 84% out of the offered quantity of 14,08,201 kg, while dust grades maintained 89% sales out of the offered quantity of 4,74,137 kg. The auction platform is experiencing reduced offerings as rising temperatures have significantly impacted tea production.
In CTC leaf grades, high-priced teas and better liquoring sorts were barely steady to dearer by ₹4 to 5 and occasionally sold higher by more amounts in line with quality. As reported by The Hindu BusinessLine, better medium sorts were barely steady to dearer by ₹1 to 2, while some lots sold lower by ₹3 to 4. The primary whole leaf grades were barely steady to occasionally dearer by ₹2 to 3, with some lots also selling easier by ₹2 to 3. Broken grades were lower by ₹1 to 2 during the auction session.
Orthodox leaf grades showed varied performance with primary whole leaf grades barely steady to occasionally dearer by ₹2 to 3, while some lots sold easier by ₹2 to 3. According to The Hindu BusinessLine, broken grades were lower by ₹1 to 2 during the auction. In the dust category, primary orthodox dust grades were barely steady to occasionally dearer by ₹2 to 3, while secondaries and finer dusts were barely steady around last levels.
CTC dust grades experienced different price movements across categories. As reported by The Hindu BusinessLine, high-priced teas and better liquoring sorts were easier by ₹4 to 5, while better medium sorts had fair demand and sold steady to dearer by ₹1 to 2. Medium sorts sold barely steady around last levels, and plainer sorts were easier by ₹2 to 3 with some withdrawals. The primary orthodox dust grades were barely steady to occasionally dearer by ₹2 to 3.
The auction witnessed subdued demand from blenders across most categories, with prices of other grades maintaining at the same level in Sale 16. According to traders cited in The Hindu BusinessLine, the auction platform is experiencing reduced offerings as the rising temperature has impacted tea production badly. The mixed performance reflects varying demand patterns across different tea categories and production challenges facing the industry.
