• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

P.S. Sundar

Coonoor, Nov. 5 An analysis of brokers’ catalogues indicates that 12.83 lakh kg are being offered for Sale No: 45 of the auction of Coonoor Tea Trade Association (CTTA) to be held on November 6 and 7. This is as much as 1.68 lakh kg lower than the year’s second highest volume offered last week.

The volume is 1.65 lakh kg lower than the offer this time last year.

Fresh teas account for 10.78 lakh kg in the offer of 12.83 lakh kg. The balance comprises teas remaining unsold in previous auctions.

Of the 12.83 lakh kg on offer, 8.69 lakh kg belong to the leaf grades and 4.14 lakh kg to dust grades. Again, as much as 11.97 lakh kg belong to CTC variety and only 0.86 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 0.45 lakh kg belong to orthodox while 8.24 lakh kg, CTC. Among the dusts, only 0.41 lakh kg belong to orthodox while 3.73 lakh kg, CTC.

Auctioneers said t the reduced volume could help prices look up if the demand picked up.

More Stories on : Tea

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

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line