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A volume of 11.32 lakh kg will be offered at Sale No: 37 of the Coonoor Tea Trade Association auctions to be held on Thursday and Friday, according to an analysis of brokers' listing.
This is the lowest volume in the last 25 weeks. It is 64,000 kg less than last week's offer and as much as 1.51 lakh kg less than the offer this time last year. Of the 11.32 lakh kg on offer, 7.74 lakh kg belongs to the leaf grades and 3.58 lakh kg belongs to the dust grades. As much as 10.23 lakh kg belongs to CTC variety and only 1.09 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 0.55 lakh kg belongs to orthodox while 7.19 lakh kg, CTC. Among the dusts, only 0.54 lakh kg belongs to orthodox while 3.04 lakh kg, CTC.
In the 11.32 lakh kg, fresh teas account for 10.44 lakh kg. Only 88,000 kg comprises teas which had remained unsold in previous auctions. Quotations held by brokers last week indicated bids in the range of Rs 39-44 a kg for plain leaf grades and Rs 80-122 for brighter liquoring sorts. They ranged at Rs 45-50 for plain dusts and Rs 85-136 for brighter liquoring dusts.
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