Two bought leaf tea factories triumphed at Sale No 36 of the Coonoor Tea Trade Association (CTTA) auctions.
“The broken pekoe grade of ‘Lakshmi Estate’ topped the CTTA auctions when Santhosh Tea Industries Ltd bought it for ₹350 a kg”, Ravichandran Broos, General Manager, Paramount Tea Marketing Pvt Ltd, who auctioned this variety, told BusinessLine.
“More importantly, this has set a record, being the highest price in all the South Indian auctions this week across all categories and grades,” he observed.
“By virtue of this, we have broken our own earlier record of ₹327 a kg, set up last week,” said H Kannan, Managing Partner of Bengal View (N) Estate Tea Factory, which owns the ‘Lakshmi Estate’ mark.
“This is a new record as it is the highest price fetched by any of our teas since manufacturing started in our factory in 1965,” Kannan claimed.
“The Coonoor-based Homedale Tea