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P.S. Sundar

Coonoor, July 16

A huge volume of 14.16 lakh kg will be offered at Sale No: 29 of the auctions of the Coonoor Tea Trade Association (CTTA) to be held on Thursday and Friday, an analysis of the catalogues of the brokers reveals.

This is the highest offer for a single sale in nearly 30 months, barring last week when the volume totalled 15.40 lakh kg. It is as much as 1.93 lakh kg more than the offer this time last year.

The offer continues to be huge because of a 33 per cent increase in Nilgiri production in the first half, despite a 5.2 per cent decline in June.

Fresh arrivals continue to be high. Of the 14.16 lakh kg, fresh arrivals total 13.44 lakh kg. The balance comprises teas remaining unsold in previous auctions.

Of the 14.16 lakh kg on offer, as much as 10.24 lakh kg belong to the leaf grades and 3.92 lakh kg belong to the dust grades, 13.27 lakh kg belong to CTC variety and only 0.89 lakh kg, orthodox variety.

The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.42 lakh kg belong to orthodox while 9.82 lakh kg, CTC.

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