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P.S. Sundar

Coonoor May 30 With the arrival of fresh tea continuing to be low, the catalogue for this week's auctions at the Coonoor Tea Trade Association (CTTA) totalled only 7 lakh kg.

Although the volume is some 65,000 kg higher than the previous week, the overall offer is low enough to pressurise the market. This time last year, the volume totalled 10.97 lakh kg. Of the 7-lakh kg, as much as 4.93 lakh kg belong to the leaf grades, while 2.07 lakh kg belong to the dust grades. Again, as much as 6.39 lakh kg belong to the CTC variety and only 0.61 lakh kg to orthodox variety. The proportion of orthodox variety is low in respect of both leaf and dust grades. Last week, quotations held by the brokers indicated bids ranging from Rs 41 to 43 a kg for the plain leaf sorts and Rs 60 to Rs 68 for the brighter liquoring sorts.

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