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P.S. Sundar

Coonoor, Oct. 15 Volume offered for sale at the Coonoor Tea Trade Association (CTTA) auctions continues to be high with the catalogues of brokers adding to 13.07 lakh kg for Sale No: 42 to be held on Thursday and Friday. This is the highest volume in the past 11 weeks barring last week when the volume was 13.44 lakh kg.

Fresh offer accounts for 12.09 lakh kg in the volume of 13.07 lakh kg. The balance comprises teas remaining unsold in previous auctions.

Of the 13.07 lakh kg on offer, 9.12 lakh kg belong to the leaf grades and 3.95 lakh kg belong to dust grades. Again, as much as 12.24 lakh kg belong to CTC variety and only 0.83 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 0.38 lakh kg belong to orthodox while 8.74 lakh kg, CTC. Among the dusts, only 0.45 lakh kg belong to orthodox while 3.50 lakh kg, CTC.

Auctioneers said the market could remain buoyant like last week if the demand could absorb the huge offer.

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