Due to Ganesh Chathurthi , the market will remain closed on Thursday and, hence, the weekly leaf auction of the Coonoor Tea Trade Association will be held on Friday along with the dust auction. In all, therefore, 15.47 lakh kg will be offered on Friday.
To help the completion of the two-day sale on a single day in the e-auction, the lots for a screen view will be increased. It is, therefore, expected that 20 lots will be sold in two minutes against 17 normally.
This is the highest volume in the last four weeks. It is as much as 2.60 lakh kg more than last week and 2.71 lakh kg more than the offer this time last year.
Of the 15.47 lakh kg on offer, 11.22 lakh kg belongs to the leaf grades and 4.25 lakh kg belongs to the dust grades.
As much as 14.45 lakh kg belongs to CTC variety and only 1.02 lakh kg, orthodox variety. The proportion of orthodox teas continues to be low in both the leaf and dust grades.
Some buyers said that they were facing cash crunch as teas bought in previous auctions had not moved to their destinations yet because of disruption in lorry transport.
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