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The arrival for the auctions of Coonoor Tea Trade Association continues to decline following prolonged dry weather limiting the harvest of the green leaf supplied as raw material to factories. The arrival of green leaf got reduced by 60 per cent.
Collectively, the arrival for Sale No: 9 of auctions to be held on Thursday and Friday has declined to the lowest volume offered so far this calendar.
Of the 10.97 lakh kg coming up for sale, as much as 1.66 lakh kg comprises teas which had remained unsold in previous auctions. Fresh tea accounts for only 9.31 lakh kg – among the lowest so far this year.
This volume is as much as 1.54 lakh kg less than the hitherto lowest volume offered last week although it some 25,000 kg more than the offer this time last year.
Of the 10.97 lakh kg on offer, 8.16 lakh kg belongs to the leaf grades and 2.81 lakh kg belongs to the dust grades. As much as 10.18 lakh kg belongs to CTC variety and only 0.79 lakh kg, orthodox variety. In the leaf counter, only 0.49 lakh kg belongs to orthodox while 7.67 lakh kg, CTC. Among the dusts, only 0.30 lakh kg belongs to orthodox while 2.51 lakh kg, CTC.
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