The auctions of Coonoor Tea Trade Association for the current calendar will end with Sale No: 51 to be held on Thursday and Friday as the market will close for Christmas and New Year. The first sale for 2013 will be held on Jan 3.
A volume of 14.98 lakh kg has been catalogued for this calendar’s last auction, reveals an analysis of brokers’ listing.
This is the highest volume in 21 weeks. It is about 77,000 kg more than last week’s offer and as much as 2.50 lakh kg more than the offer this time last year.
Of the 14.98 lakh kg on offer, 10.73 lakh kg belongs to the leaf grades and 4.25 lakh kg belongs to the dust grades.
As much as 13.96 lakh kg belongs to CTC variety and only 1.02 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 0.59 lakh kg belongs to orthodox while 10.14 lakh kg, CTC.
Among the dusts, only 0.43 lakh kg belongs to orthodox while 3.82 lakh kg, CTC.
Fresh tea accounts for 14.04 lakh kg while about 94,000 kg comprises teas which had remained unsold in previous auctions.