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A volume of 11.39 lakh kg will be offered at Sale No: 38 of Coonoor Tea Trade Association auctions to be held tomorrow and Friday, reveals an analysis of brokers' listing.
This is the lowest volume of the last 26 weeks barring last week when the volume was marginally higher. It is 25,000 kg less than the offer this time last year.
Of the 11.39 lakh kg on offer, 7.79 lakh kg belong to the leaf grades and 3.60 lakh kg belong to the dust grades.
As much as 10.63 lakh kg belong to CTC variety and only 0.76 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 0.43 lakh kg belong to orthodox while 7.36 lakh kg, CTC. Among the dusts, only 0.33 lakh kg belong to orthodox while 3.27 lakh kg, CTC.
In the 11.39 lakh kg, fresh teas account for 10.42 lakh kg. Only 98,000 kg comprises teas which had remained unsold in previous auctions. Quotations held by brokers last week indicated bids ranging Rs 40-44 a kg for plain leaf grades and Rs 80-118 for brighter liquoring sorts. They ranged Rs 47-50 for plain dusts and Rs 85-134 for brighter liquoring dusts.
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