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The declining trend in the offer of teas for Coonoor Tea Trade Association auctions continues with the volume of 17 lakh kg catalogued for Sale No: 30 to be held on Thursday and Friday being the lowest in the last six weeks.
This is 1.53 lakh kg lower than last week’s offer and 64,000 kg lower than the offer this time last year, reveals an analysis of brokers’ listing.
Of the 17 lakh kg on offer, 12.74 lakh kg belongs to the leaf grades and 4.26 lakh kg belongs to the dust grades. As much as 15.72 lakh kg belongs to CTC variety and only 1.28 lakh kg, orthodox variety.
The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.83 lakh kg belongs to orthodox while 11.91 lakh kg, CTC. Among the dusts, only 0.45 lakh kg belongs to orthodox while 3.81 lakh kg, CTC.
The substantial portion of this volume comprises fresh teas totalling 15.55 lakh kg. About 1.45 lakh kg comprises teas which had remained unsold in previous auctions.
Last week, in the leaf tea auction, Hindustan Unilever Ltd (HUL) and Tata Global Beverages Ltd bought medium varieties. Duncan Tea Ltd and Godfrey Philips India Ltd were selective. In the dust tea auction, HUL was selective while Tata Global, Duncan Tea and Godfrey Philips did not operate.
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