The Hindu Business Line : Heavy withdrawals at Teaserve auctions

As much as 4.72 lakh kg of teas out of the 7.53 lakh kg offered for sale at the electronic auctions conducted by the Teaserve this week here went unsold.

Not even a single kg of the orthodox grade was sold.

The entire sale pertained to the CTC category.

Some 2,837 kg of the orthodox leaf grades were on offer.

There was no offer of the orthodox dust grade at all.

Among the CTC teas, around 5.06 lakh kg were of the leaf grades of which, only 1.61 lakh kg were sold.

The balance 3.44 lakh kg went unsold.

Even the teas sold fetched an average price of only Rs 42.22 a kg - against Rs 43.75 last week.

Some 2.44 lakh kg of the dust grades were offered of which, 1.24 lakh kg went unsold.

The sold volume of 1.19 lakh kg fetched an average price of Rs 45.73 a kg - some 50 paise more than last week.

Of the total volume of 2.81 lakh kg sold at the auctions, 20,332 kg were declared as sale for export at an average price of Rs 42.13 a kg - some 5 paise more than last week.

Of this, the 9,017 kg of leaf grades got Rs 41.58 a kg and 11,315 kg of the dust grades got Rs 42.56.

A volume of 98,602 kg was declared as sale within the State under the TNGST at an average price of Rs 45.03 a kg - some 47 paise lower than last week.

Here, the CTC leaf grades were 23,934 kg and fetched Rs 39.59 a kg, while the dust grades totalled 74,668 kg fetching Rs 46.78.

Under the CST, a volume of 1.62 lakh kg was sold at an average price of Rs 43.11 a kg against Rs 44.24 last week.

Of this, 1.29 lakh kg of leaf grads were sold for Rs 42.75 and 33,740 kg were sold for Rs 44.47.

Of the 2.81 lakh kg totally sold, as much as 2.73 lakh kg fetched a price between Rs 30 and Rs 55 a kg.

Some 2,475 kg were sold for Rs 56 to Rs 59.99.

Some 5,920 kg fetched Rs 60 to Rs 64.99.

Only 300 kg fetched Rs 65 to Rs 69.99.

No tea was sold above this price and none below Rs 30 a kg.

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