The Hindu Business Line : Coonoor tea sales see rise in dust offerings

Coonoor, Aug. 28 A volume of 3.15 lakh kgs has been catalogued for the dust sale of the auctions of Coonoor Tea Trade Association (CTTA) to be held on Friday. Last week, 3.10 lakh kgs were offered.

Of the 3.15 lakh kgs, orthodox teas comprise only 0.41 lakh kgs. CTC teas account for the bulk of 2.74 lakh kgs.

This, together with the offer of 7.94 lakh kgs of leaf, took the total volume for Sale No 35 this week to 11.09 lakh kgs. This was 29,000 kgs more than last week’s offer. This time last year, only 9.57 lakh kgs had been offered.

In the leaf counter, orthodox teas accounted for 0.26 lakh kgs, while the CTC teas, 7.68 lakh kgs.

In all, of the 11.09 lakh kgs, orthodox teas were only 0.67 lakh kgs. CTC teas totalled 10.42 lakh kgs.

Pak bidding

Auctioneers said that if Pakistan refrained from active bidding, as it did in the last two weeks, prices would struggle to hold firm unless upcountry buyers resorted to competitive purchases.

More Stories on : Tea

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Southern rain wave gains more ground

Primary articles, fuels pull down inflation

Spot rubber hits new high of Rs 142/kg

Tyre makers face drop in sheet rubber inventory

Coonoor tea sales see rise in dust offerings

September arrivals may see cotton lint prices easing

Moves to set up cashew board revived

Turmeric futures gain on positive signals

Pepper futures gain; spot rates steady

Year-long crop loan access to farmers