• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

P.S. Sundar

Coonoor March 12 With exporters totally staying away and the upcountry buyers choosing to bid lower to compensate for the higher 4 per cent tax under VAT against the previous 2 per cent CST, prices tumbled at the auctions of the Coonoor Tea Trade Association (CTTA) here last week

Only the unsold portion of the Sales No: 8 and 9 were offered. In all, a volume of 8.07 lakh kg was in the catalogue. The scheduled Sale No: 10 has been postponed to this week.

"Weak demand was witnessed on the limited quantity of CTC leaf grades. Brighter liquoring teas sold lower up to Rs 3 a kg. Better medium and medium teas sold lower by up to Rs 4. Subdued demand was seen for the small quantity of the CTC dust grades. Brighter liquoring sorts here lost Rs 2-3. Medium sorts shed more than Rs 4. Plainer sorts were withdrawn with no bids forthcoming," said an auctioneer.

More Stories on : Tea

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Sharad Joshi in Abhijit panel to study futures in agri produce

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