Business Daily from THE HINDU group of publications Thursday, Aug 23, 2007 ePaper |
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Agri-Biz & Commodities
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Tea Higher volumes on offer at Coonoor tea auctions
P.S. Sundar Coonoor, Aug. 22 Sale no:34 at the Coonoor Tea Trade Association (CTTA) on Thursday and Friday will see a rise in quantity at 10.15 lakh kgs due to increase in fresh arrivals together with unsold tea from previous auctions. This is 17,000 kgs more than the offer last week. It is 41,000 kgs lower than the offer in the corresponding sale of last year. As much as 7.28 lakh kgs belong to the leaf grades, while 2.87 lakh kgs belong to the dust grades on offer. Mostly CTC
Again, as much as 9.44 lakh kgs belong to the CTC variety and only 0.71 lakh kgs, orthodox . The proportion of orthodox is low in both the leaf and dust categories. Among the leaf catalogues, only 0.33 lakh kgs belong to the orthodox even as the bulk – 6.95 lakh kgs – belong to the CTC. In the dust grade, only 0.38 lakh kgs belong to the orthodox while 2.49 lakh kgs belong to the CTC variety. Auctioneers said prices could improve despite the increase in volume if the demand firms up. The demand for the medium and plainer teas prevails at the bottom ranges only.
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