Agri Business

Volume rises at Coonoor tea sale

| | Updated on: Nov 12, 2014

A volume of 18.33 lakh kg is being offered for Sale No: 46 at Coonoor Tea Trade Association auction to be held on Thursday and Friday. This is nearly 96,000 kg more than last week’s offer.

Of this, a volume of 12.34 lakh kg belongs to the leaf grades and 5.99 lakh kg to the dust grades. As much as 17.15 lakh kg belongs to CTC variety and only 1.18 lakh kg orthodox variety. The proportion of orthodox teas continues to be low in both the leaf and dust grades.

With substantial volumes remaining unsold in previous auctions, as much as 3.83 lakh kg of such teas are being re-offered this week.

Last week, the suspension of cargo passage through Wagah border to Pakistan dampened the interest of importers there to procure teas from India. At the Coonoor auction, Pakistan bought only few lines in a wide range of ₹55-100 a kg.

In the Leaf auction last week, among corporate buyers, Hindustan Unilever Ltd bought good medium varieties. Duncans Tea Ltd showed some interest on good medium bolder Brokens. Godfrey Philips India was selective on medium Brokens and Fannings. Tata Global Beverages did not operate. In the Dust auction, HUL was selective on good medium smaller grades. Godfrey Philips, Tata Global and Duncans did not operate. Indcoserve was selective on good medium and medium smaller grades. There was fair demand for brighter liquoring teas from upcountry buyers. Overall, internal buyers were less active. Export enquiry was weak and was confined to plainer grades.

Published on November 12, 2014

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