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A volume of 12.77 lakh kg has been catalogued for Sale No: 36 of Coonoor Tea Trade Association auctions to be held on Thursday and Friday, reveals an analysis of brokers’ listing.
It is as much as 2.57 lakh kg more than last week’s offer and about 80,000 kg more than the offer this time last year,
Of the 12.77 lakh kg on offer, 9.38 lakh kg belongs to the leaf grades and 3.39 lakh kg belongs to the dust grades. As much as 11.93 lakh kg belongs to CTC variety and only 0.84 lakh kg, orthodox variety. In the leaf counter, only 0.47 lakh kg belongs to orthodox while 8.91 lakh kg, CTC. Among the dusts, only 0.37 lakh kg belongs to orthodox while 3.02 lakh kg, CTC.
The substantial portion of this volume comprises fresh teas totalling 12.18 lakh kg. Only about 59,000 kg comprises teas which had remained unsold in previous auctions. Last week, in the leaf tea auction, Hindustan Unilever Ltd (HUL) bought good medium varieties. Tata Global Beverages Ltd was selective. Duncans Tea Ltd did not operate. In the dust tea auction, HUL was active on good medium varieties. Duncans Tea was selective. Tata Global did not operate.
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