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The rising trend witnessed in the offer for Coonoor Tea Trade Association auctions continues this week with the volume of 14.05 lakh kg for Sale No: 16 on Thursday and Friday to be the highest so far this calendar barring Sale No: 2 when the volume was 16.91 lakh kg.
This week’s offer is as much as 1.68 lakh kg more than last week’s offer.
Of this, 9.33 lakh kg belongs to leaf grades and 4.72 lakh kg to the dust grade As much as 12.98 lakh kg belongs to the CTC variety and only 1.07 lakh kg is of orthodox variety. The proportion of orthodox teas continues to be low in both leaf and dust grades. In the leaf counter, only 53,000 kg belongs to orthodox while 8.80 lakh kg to the CTC. Among the dusts, orthodox comprises 54,000 kg while CTC constitutes about 4.18 lakh kg.
In the Leaf market last week, among corporate buyers, Hindustan Unilever Ltd and Tata Global Beverages Ltd operated on good medium varieties.
In the Dust market, HUL was selective on good medium smaller grades. Godfrey Philips was selective on medium varieties. Indcoserve was fairly active on medium smaller grades.
There was fair enquiry from exporters for medium and plainer teas. Internal buyers were less active. There was fair demand for brighter liquoring teas from upcountry buyers.
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