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Following last week’s buoyant opening sale of Coonoor Tea Trade Association, a 26-week high volume of 19 lakh kg has been catalogued for Sale No: 2 to be held on Thursday and Friday, reveals an analysis of brokers’ listing.
This is as much as 3.22 lakh kg more than last week’s offer and as much as 4.10 lakh kg more than the offer this time last year.
Of the 19 lakh kg on offer, 13.58 lakh kg belongs to the leaf grades and 5.42 lakh kg belongs to the dust grades. As much as 17.73 lakh kg belongs to CTC variety and only 1.27 lakh kg, orthodox variety. In the leaf counter, only 0.78 lakh kg belongs to orthodox while 12.80 lakh kg, CTC. Among the dusts, only 0.49 lakh kg belongs to orthodox while 4.93 lakh kg, CTC.
Upcountry traders are anticipating continuance of last week’s increased demand as hot tea consumption has shown increase in the Northern States which are reeling under severe cold. Besides, volumes are low in the North due to reduced harvest and winter closure of factories.
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