Financial Daily from THE HINDU group of publications
Friday, Feb 17, 2006
Financial Daily from THE HINDU group of publications Friday, Feb 17, 2006 |
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Agri-Biz & Commodities
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Tea Low volume on offer at Coonoor auctions P.S. Sundar
Coonoor , Feb. 16 A LOW volume of 8.25 lakh kg has been catalogued for the auctions of the Coonoor Tea Trade Association (CTTA) to be held here this week. This is the third lowest volume so far in 2006, the previous lows being 8.13- lakh kg offered on January 19 and 7.52-lakh kg in the first sale held on January 5. The low volume is due to frost affecting hundreds of hectares of tea crop in the Nilgiris. Night temperature has drifted to zero degrees Celsius in many low-lying tea pockets and last week, even the higher elevation plantations reported damage due to frostbite. Besides, the bushes charred by the frost in December and January are yet to come for bearing. "It will be two to three months before these bushes are ready, for fresh frost bite has slowed the process of recovery. Wherever affordable, the growers are watering the bushes with sprinkler irrigation to artificially raise the ground temperature and protect the bearing bushes from frost bite," a tea scientist told Business Line. Of the 8.25-lakh kg on offer, as much as 6.13 lakh kg belong to the leaf variety and the balance 2.12-lakh kg CTC variety. Again, as much as 7.63 lakh kg belong to the CTC grades and only the remaining 0.62-lakh kg belong to the orthodox grades.
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