A volume of 12.69 lakh kg has been catalogued for Sale No: 42 of Coonoor Tea Trade Association auctions to be held on Thursday and Friday, reveals an analysis of brokers’ listing.

This is the lowest offer of the last one month. It is as much as 1.59 lakh kg less than last week’s offer and about 64,000 kg less than the offer this time last year.

Of the 12.69 lakh kg on offer, 9.52 lakh kg belongs to the leaf grades and 3.17 lakh kg belongs to the dust grades.

As much as 12.02 lakh kg belongs to CTC variety and only 0.67 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 0.39 lakh kg belongs to orthodox while 9.13 lakh kg, CTC. Among the dusts, only 0.28 lakh kg belongs to orthodox while 2.89 lakh kg, CTC.

Fresh teas accounts for 11.14 lakh kg. As much as 1.55 lakh kg comprises teas which had remained unsold in previous auctions. Last week, in the leaf tea auction, Hindustan Unilever Ltd (HUL) bought good medium varieties.

Tata Global Beverages Ltd was selective. Duncans Tea Ltd showed interest for medium brokens. Export-demand was less.

In the dust tea auction, HUL and Tata Global bought good medium varieties. Godfrey Philips and Duncans Tea did not operate. Indcoserve showed interest on medium smaller grades. Exporters preferred plainer varieties.

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