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The offer for the auctions of Coonoor Tea Trade Association continues to be high with huge arrivals of fresh tea.
An analysis of brokers' listing indicates that 16.20 lakh kg is being offered for Sale No: 25 to be held on Thursday and Friday. This is the second largest volume offered so far in 2011. It is around 16,000 kg more than last week's offer but about 2.98 lakh kg less than the offer this time last year.
Of the 16.20 lakh kg on offer, 10.93 lakh kg belongs to the leaf grades and 5.27 lakh kg to the dust grades.
As much as 15.22 lakh kg belongs to CTC variety and only 0.98 lakh kg to orthodox variety.
The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.49 lakh kg belongs to orthodox variety while 10.44 lakh kg to CTC.
Among the dusts, only 0.49 lakh kg belongs to orthodox variety while 4.78 lakh kg to CTC.
In the 16.20 lakh kg, fresh teas account for as much as 15.29 lakh kg. Only 0.91 lakh kg comprises teas which had remained unsold in previous auctions. Exporters are supporting such huge supply of fresh teas as there is around 35 million kg shortfall in the global bowl.
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