Business Daily from THE HINDU group of publications
Thursday, Jan 18, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Jan 18, 2007 ePaper |
|
|
|
|
|
|
|
Agri-Biz & Commodities
-
Tea Industry & Economy - Climate & Weather Frost nips arrivals at Coonoor tea auctions P.S. Sundar
Coonoor , Jan 17 With frost affecting the harvest and supply of green leaves for processing at factories, arrivals of black tea for auctions at the Coonoor Tea Trade Association (CTTA) have slumped this week. For the third auction of 2007 scheduled for Thursday and Friday, totally 10.23 lakh kg have been catalogued. This is nearly 1.1 lakh kg lower than the volume offered last week. Of the catalogued quantity, as much as 7.55 lakh kg belong to the leaf grades and 2.68 lakh kg is dust grade. Again, as much as 9.41 lakh kg belong to CTC variety and only 0.37 lakh kg is orthodox variety.
Orthodox low
The proportion of orthodox variety continues to be low amongst both the leaf and dust grades. In the leaf category, only 0.45 lakh kg belong to the orthodox variety, while 7.1 lakh kg is CTC. In the dust category, only 0.37 lakh kg belong to the orthodox variety, while 2.31 lakh kg is CTC. Although the volume offered is low, auctioneers expect prices to remain firm to match the quality. "Most bids in the two auctions this year followed quality and we expect this trend to continue. Besides, with the offers from north India remaining low, the demand is expected to be forceful at Coonoor this week as well," said an auctioneer.
More Stories on : Tea | Climate & Weather
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|