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A volume of 16.69 lakh kg will be offered at Sale No: 47 of Coonoor Tea Trade Association auctions to be held tomorrow and Friday, reveals an analysis of brokers' listing.
It is 24,000 kg less than last week's offer but as much as 4.28 lakh kg more than the offer this time last year.
Of the 16.69 lakh kg on offer, 12.16 lakh kg belongs to the leaf grades and 4.53 lakh kg belongs to the dust grades. As much as 15.61 lakh kg belongs to CTC variety and only 1.08 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 0.61 lakh kg belongs to orthodox while 11.55 lakh kg, CTC. Among the dusts, only 0.47 lakh kg belongs to orthodox while 4.06 lakh kg, CTC.
In the 16.69 lakh kg, fresh teas account for 14.42 lakh kg. As much as 2.27 lakh kg comprises teas which had remained unsold in previous auctions. Last week, prices averaged Rs 62.26 a kg.
This was the lowest price since September 8 when prices averaged Rs 61.18. Quotations held by brokers indicated bids ranging Rs 40-48 a kg for plain leaf grades and Rs 80-115 for brighter liquoring sorts. They ranged Rs 45-50 for plain dusts and Rs 85-137 for brighter liquoring dusts. On the export front, Pakistan bought in wide range – Rs 48-70 a kg and the CIS Rs 46-70.
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