Agri Business

Coonoor tea auction volume slides

P S Sundar Coonoor | Updated on September 12, 2012

A volume of 11.78 lakh kg has been catalogued for Sale No: 37 of Coonoor Tea Trade Association auctions to be held on Thursday and Friday, reveals an analysis of brokers’ listing.

It is about 98,000 kg less than last week’s offer but about 46,000 kg more than the offer this time last year,

Of the 11.78 lakh kg on offer, 8.48 lakh kg belongs to the leaf grades and 3.30 lakh kg belongs to the dust grades. As much as 11.08 lakh kg belongs to CTC variety and only 0.70 lakh kg, orthodox variety. In the leaf counter, only 0.42 lakh kg belongs to orthodox while 8.06 lakh kg, CTC. Among the dusts, only 0.28 lakh kg belongs to orthodox while 3.02 lakh kg, CTC.

The substantial portion of this volume comprises fresh teas totalling 11.29 lakh kg. Only about 49,000 kg comprises teas which had remained unsold in previous auctions. Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market when Mittal Tea Co bought its Broken Pekoe grade for Rs 167 a kg. In the leaf tea auction, Hindustan Unilever Ltd (HUL) bought good medium varieties. Tata Global Beverages Ltd and Godfrey Philips India Ltd were selective. Duncans Tea Ltd showed interest on better medium brokens. In the dust tea auction, HUL and Tata Global were selective.

Published on September 12, 2012

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