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Thirteen lakh kg has been catalogued for Sale No: 34 of Coonoor Tea Trade Association auctions to be held on Thursday and Friday, reveals an analysis of brokers’ listing.
This is the lowest offer in the last 11 weeks barring last week when the volume was 12.91 lakh kg. It is about 76,000 kg less than the offer this time last year.
Of the 13 lakh kg on offer, 9.57 lakh kg belong to the leaf grades and 3.43 lakh kg to the dust grades. As much as 12.1 lakh kg belong to the CTC variety and only 0.9 lakh kg to the orthodox variety. The proportion of orthodox teas continues to be low in both the leaf and dust grades.
On the leaf counter, only 0.56 lakh kg belong to orthodox while 9.01 lakh kg to the CTC. Among the dusts, only 0.34 lakh kg belong to orthodox while 3.09 lakh kg to the CTC.
Fresh teas comprise 12.31 lakh kg of the offer. Only about 69,000 kg comprise teas unsold in previous auctions. Last week, in the leaf tea auction, Hindustan Unilever Ltd (HUL) bought good medium varieties. Duncans Tea Ltd showed some interest in brokens. Tata Global Beverages Ltd and Godfrey Philips India Ltd were selective.
In the dust tea auction, HUL, Godfrey Philips and Tata Global were selective while Duncans Tea did not operate.
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