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A volume of 12.07 lakh kg will be offered for Sale No: 13 of the auctions of Coonoor Tea Trade Association (CTTA) to be conducted on Friday, reveals an analysis of the listing by brokers.
This is the first auction to be held in 2011-12 financial year. This is the highest volume of the past 11 weeks. It is 81,000 kg more than last week's offer but, as much as 1.08 lakh kg less than the offer this time last year.
Of the 12.07 lakh kg on offer, 8.53 lakh kg belongs to the leaf grades and 3.54 lakh kg belongs to the dust grades. As much as 11.21 lakh kg belongs to CTC variety and only 0.86 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 0.47 lakh kg belongs to orthodox while 8.06 lakh kg, CTC. Among the dusts, only 0.39 lakh kg belongs to orthodox while 3.15 lakh kg, CTC.
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