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With dry winter conditions reducing the crop growth, the arrival of tea for Sale No: 3 of Coonoor Tea Trade Association auctions to be held on Thursday and Friday has fallen.
In all, 16.59 lakh kg has been catalogued, reveals an analysis of brokers’ listing. This is as much as 2.41 lakh kg less than last week’s offer but as much as 5.20 lakh kg more than the offer this time last year.
Of the 16.59 lakh kg on offer, 11.77 lakh kg belongs to the leaf grades and 4.82 lakh kg belongs to the dust grades. As much as 15.64 lakh kg belongs to CTC variety and only 0.95 lakh kg, orthodox variety. In the leaf counter, only 0.56 lakh kg belongs to orthodox while 11.21 lakh kg, CTC. Among the dusts, only 0.39 lakh kg belongs to orthodox while 4.43 lakh kg, CTC.
Fresh tea accounts for 16.23 lakh kg while about 36,000 kg comprises teas which had remained unsold in previous auctions.
Exporters to Pakistan, however, are hesitant to invest huge sums in the context of India’s continued allegation of ceasefire violation by Pakistan at the border. Export enquiry was weak. There was good demand from upcountry buyers fro brighter liquoring teas.
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