Business Daily from THE HINDU group of publications Thursday, May 17, 2007 ePaper |
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Agri-Biz & Commodities
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Tea 8-week low volume at Coonoor tea auctions P.S. Sundar
Coonoor May 16 The Coonoor Tea Trade Association (CTTA) will witness low offers this week also, with the volume catalogued being the lowest of the last eight weeks. A volume of 6.23 lakh kgs has been catalogued for sale number 20 to take place on Thursday and Friday. This is some 25,000 kgs lower than last week's offer.
Leaf & dusts
Around this time last year, a volume of 11.3 lakh kgs was catalogued. That time, the leaf grade alone totalled 7.74 lakh kgs - more than the combined volume of leaf and dust now. Of the 6.23 lakh kgs, as much as 4.29 lakh kgs belong to leaf grades while 1.94 lakh kgs are dust grades. Again, as much as 5.59 lakh kgs are CTC variety, while only 0.64 lakh kgs, orthodox variety. The proportion of orthodox is low in both the leaf and dust category. Last week, 20 per cent of the offer was withdrawn for want of adequate bids.
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