Agri Business

Coonoor tea auction volume rises

P. S. Sundar Coonoor | Updated on January 30, 2013

After two consecutive weeks of low arrival, the offer at Sale No: 5 of Coonoor Tea Trade Association auctions to be held on Thursday and Friday has risen, reveals an analysis of the brokers’ listing.

In all, 15.69 lakh kg has been catalogued. This is some 66,000 kg more than last week’s offer and as much as 5.53 lakh kg more than the offer this time last year.

Of the 15.69 lakh kg on offer, 11.17 lakh kg belongs to the leaf grades and 4.52 lakh kg belongs to the dust grades.

As much as 14.91 lakh kg belongs to CTC variety and only 0.78 lakh kg, orthodox variety.

In the leaf counter, only 0.42 lakh kg belongs to orthodox while 10.75 lakh kg, CTC. Among the dusts, only 0.36 lakh kg belongs to orthodox while 4.16 lakh kg, CTC.

Fresh tea accounts for 13.16 lakh kg while about 2.53 lakh kg comprises teas which had remained unsold in previous auctions.

Upcountry traders are anticipating increased demand as hot tea consumption has shown increase in the Northern States which are reeling under severe cold.

Besides, volumes are low in the North due to reduced harvest and winter closure of factories.

Last week, in the leaf auction, Hindustan Unilever Ltd bought good medium varieties.

Duncans Tea Ltd chose medium brokens. Godfrey Philips India Ltd was selective. Tata Global Beverages did not operate.

In Dust auction, HUL and Tata Global, were selective, Duncans Tea showed some interest on the good medium sorts. Indcoserve chose medium smaller grades.

Export enquiry was weak. There was good demand from upcountry buyers for brighter liquoring teas.

Published on January 30, 2013

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