SEARCH

Higher volume of tea on offer at Coonoor sale

Our Correspondent
Comment   ·   print   ·  

A volume of 14.92 lakh kg will be offered at Sale No: 7 of Coonoor Tea Trade Association auctions to be held on Thursday and Friday has risen, reveals our analysis of the brokers’ listing.

It is about 90,000 kg more than last week’s offer and as much as 3.85 lakh kg more than the offer this time last year.

Of the 14.92 lakh kg on offer, 11.05 lakh kg belongs to the leaf grades and 3.87 lakh kg belongs to the dust grades.

As much as 14.12 lakh kg belongs to CTC variety and only 0.80 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 0.48 lakh kg belongs to orthodox while 10.57 lakh kg, CTC.

Among the dusts, only 0.32 lakh kg belongs to orthodox while 3.55 lakh kg, CTC.

Fresh tea accounts for 13.47 lakh kg while about 1.45 lakh kg comprises teas which had remained unsold in previous auctions.

Upcountry buyers are stepping up their purchases here as the volumes in North Indian auctions are low.

The orthodox leaf and Darjeeling leaf auctions as also sale No: 11 for all categories of tea at Kolkata auction scheduled for next month have been dropped for want of adequate volume.

Besides, Sale No: 13 of Kolkata auction will also be dropped due to Good Friday and Holi holidays and low volumes.

“These are expected to strengthen demand at Coonoor”, an auctioneer told Business Line.

(This article was published on February 13, 2013)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.

Comments:

This article is closed for comments.
Please Email the Editor

Brand Idea’s biz intelligence tool provides micro-market and sales insights to firms »

I just didn’t want to return to the grime and grind of urban India. And I left with a heavy bag and a heavier heart, promising myself that I will return »

Today's Poll
Will mobile wallets catch on in India?
Yes
No
Can't say

Minority shareholders now have greater legal muscle to question royalty increases »

Track your company

Follow us on...


Tweets @businessline

DATA BANK

Exchange Rate

Dollar Spot Forward Rate

Open-Ended Mutual Funds

MCX-SX Currency Futures

NSE Currency Futures


O
P
E
N

close

Recent Article in Agri-biz

Fishermen oppose changes in deep sea fishing policy

The fishing folk have called upon the Centre to reject the expert panels’ recommendations on deep sea fishing policy, as it would... »


Comments to: web.businessline@thehindu.co.in. Copyright © 2014, The Hindu Business Line.