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P.S. Sundar

Coonoor, Feb. 20 An analysis of the catalogues of the brokers indicates that the volume being offered for sale No: 8 of the auctions of the Coonoor Tea Trade Association (CTTA) here on Thursday and Friday is as much as one lakh kg lower than last week’s offer. At current prices, this means a fall in total value by around Rs 52 lakh.

The volume totals 8.50 lakh kg. Last year, Sale No: 8 was postponed due to the uncertainty over the implementation of VAT. The offer was 8.07 lakh kg. The following week, it was merged with Sale No: 9.

Fresh arrivals total 7.55 lakh kg out of the 8.50 lakh kg. The balance consists of the teas remaining unsold from previous auctions.

Of the 8.5 lakh kg, as much as 5.93 lakh kg belong to the leaf grades and 2.57 lakh kg belong to the dust grades. Again, as much as 7.86 lakh kg belong to CTC variety and only 0.64 lakh kg, orthodox variety.

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