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P.S. Sundar

Coonoor, Aug. 15 Following the low arrivals for the auctions of the Coonoor Tea Trade Association (CTTA), the catalogues for the sale no.33 to be held here on Thursday and Friday add up to only 9.99 lakh kg — the lowest of the last nine weeks. This is approximately 2 lakh kg lower than the last week’s offer.

Of the 9.99 lakh kg, as much as 7.35 lakh kg belong to the leaf grades, while 2.64 lakh kg belong to the dust grades. Again, as much as 9.22 lakh kg belong to the CTC variety and only 0.77 lakh kg, orthodox variety.

The proportion of orthodox is low in both the leaf and dust grades. In the leaf grades, only 0.36 lakh kg are orthodox while 6.99 lakh kg are of CTC variety. In the dust grade, only 0.41 lakh kg belong to the orthodox variety and 2.23 lakh kg to the CTC variety.

The low offer can push up the prices if the demand firms up. Last week, with sluggish demand for most invoices, prices dropped Rs 3 per kg. The buyers chose quality invoices and some 25 per cent of the browner sorts remained unsold.

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