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A volume of 10.46 lakh kg will be offered for Sale No: 10 of the auctions of Coonoor Tea Trade Association to be held on Thursday and Friday, reveals an analysis of listing by brokers.
It is the lowest volume of the last four weeks. It is about 24,000 kg less than last week's offer and 73,000 kg less than the offer this time last year.
Of the 10.46 lakh kg on offer, 7.52 lakh kg belongs to the leaf grades and 2.94 lakh kg belongs to the dust grades.
As much as 9.60 lakh kg belongs to CTC variety and only 0.86 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 0.48 lakh kg belongs to orthodox while 7.04 lakh kg, CTC.
Among the dusts, only 0.38 lakh kg belongs to orthodox while 2.56 lakh kg, CTC.
In the 10.46 lakh kg, fresh teas account for 9.06 lakh kg. As much as 1.40 lakh kg comprises teas which had remained unsold in previous auctions.
Last week, there was only selective buying for exports – Pakistan for Rs 54-63 a kg and the CIS, Rs 58-67.
Quotations held by brokers indicated bids ranging Rs 50-55 a kg for plain leaf grades and Rs 85-145 for brighter liquoring sorts.
They ranged Rs 55-58 for plain dusts and Rs 85-143 for brighter liquoring dusts.
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