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Amidst uncertain export market, 13.09 lakh kg is being offered at the first sale of March of Coonoor Tea Trade Association on Thursday and Friday.
The war-like situation in Russia-Ukraine belt causes uncertainly in tea exports to Russia and the rest of the CIS.Already, due to prolonged and repeated snowfall, business has been dull in the US, Europe and Japan.
After several weeks of subdued buying, Pakistan was active last week at Coonoor auction paying a wide range of ₹60-123 a kg.
In the leaf market, Hindustan Unilever Ltd bought good medium varieties while Tata Global Beverages Ltd was selective .
In the dust market, HUL and Godfrey Philips India were active on good medium grades .
Of the 13.09 lakh kg coming up for sale this week, 2.49 lakh kg belong to teas remaining unsold in previous week.
A volume of 8.81 lakh kg belongs to the leaf grades and 4.28 lakh kg belongs to the dust grades. As much as 12.36 lakh kg belongs to CTC variety and only 0.73 lakh kg, orthodox variety.
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