Financial Daily from THE HINDU group of publications
Monday, Aug 09, 2004
Financial Daily from THE HINDU group of publications Monday, Aug 09, 2004 |
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Agri-Biz & Commodities
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Tea Low offtake at Coonoor tea sale Our Correspondent
Coonoor , Aug. 8 FLOOD situation in the western part of the country submerged the demand for tea when a volume of 11.56 lakh kg was offered for sale at the auctions conducted by the Coonoor Tea Trade Association (CTTA) here. Barring a strong purchase from Kanpur, there was only a subdued demand from the upcountry buyers. On the leaf front, the market was more active. Some of the high priced teas could manage to gain Rs 2 a kg. Overall, some 60,000 kg were sold for over Rs 60 a kg. On an average, the plain dusts fetched Rs 35 a kg, while the better ones Rs 44. Plain leaf grades got Rs 35, while the better ones, Rs 51. For the next auctions, a volume of 12.38 lakh kg comprising 8.69 lakh kg of leaf and 3.69 lakh kg of dusts has been catalogued.
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