An analysis of brokers' listing indicate that 16.30-lakh kg is being offered for sale no: 31 of the auctions of Coonoor Tea Trade Association to be held on Thursday and Friday. This is the lowest volume of the last six weeks. It is 1.30 lakh kg less than last week's offer, and 50,000 kg more than the offer this time last year.

Of the 16.30 lakh kg on offer, 11.18 lakh kg belongs to the leaf grades and 5.12 lakh kg belongs to the dust grades. As much as 15.14 lakh kg belongs to CTC variety and only 1.16 lakh kg the orthodox variety. The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.58 lakh kg belongs to orthodox, while 10.60 lakh kg, CTC. Among the dusts, only 0.58 lakh kg belongs to orthodox, while 4.54 lakh kg, CTC.

In the 16.30 lakh kg, fresh teas account for as much as 14.15 lakh kg. About 2.15 lakh kg comprises teas which remained unsold in previous auctions. This week, quotations held by brokers indicated bids ranging Rs 36-40 a kg for plain leaf grades and Rs 80-125 for brighter liquoring sorts. They ranged Rs 40-45 for plain dusts and Rs 85-133 for brighter liquoring dusts.

CTC market

Homedale Estate teas, auctioned by Global Tea Brokers, topped the CTC market when Limtex India Ltd bought it for Rs 151 a kg. Vigneshwar Estate got Rs 138, Shanthi Supreme Rs 134, Darmona Estate, Blue Monte Speciality and Hittakkal Estate Rs 130, each. In all, 67 marks got Rs 100 and more.On the export front, Pakistan bought in wide range at Rs 35-75 a kg, the CIS Rs 41-71 and European markets Rs 43-62.

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