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There will be no auction of the Coonoor Tea Trade Association on April 22 as the market will remain closed for Good Friday. Accordingly, the dust auctions held on Fridays will be advanced to Thursday this week. The leaf auctions held on Thursdays will be conducted tomorrow.
In all, 13.74 lakh kg are being offered for Sale No: 16, reveals an analysis of the listing by brokers. This is 1.37 lakh kg less than last week's offer and as much as 4.24 lakh kg less than the offer this time last year.
Last week, as high as 45 per cent of the offer remained unsold. In the two weeks before that, 48 per cent and 46 per cent remained unsold. In the 13.74 lakh kg now offered, as much as 2.42 lakh kg comprise teas remaining unsold in previous auctions while fresh tea accounts for 11.32 lakh kg.
Of the 13.74 lakh kg on offer, 9.34 lakh kg belong to the leaf grades and 4.40 lakh kg to the dust grades. As much as 12.95 lakh kg belong to CTC variety and only 0.79 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 8.91 lakh kg, CTC. Among the dusts, only 0.36 lakh kg belong to orthodox while 4.04 lakh kg, CTC.
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