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A volume of 18.53 lakh kg will be offered at Sale No: 29 of Coonoor Tea Trade Association auctions on Thursday and Friday, reveals an analysis of brokers’ listing.
This is the lowest volume in the last five weeks. This is 2.30 lakh kg less than last week’s offer but 1.82 lakh kg more than the offer this time last year.
Of the 18.53 lakh kg on offer, 13.54 lakh kg belongs to the leaf grades and 4.99 lakh kg belongs to the dust grades. As much as 17.04 lakh kg belongs to CTC variety and only 1.49 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 0.76 lakh kg belongs to orthodox while 12.78 lakh kg, CTC. Among the dusts, only 0.73 lakh kg belongs to orthodox while 4.99 lakh kg, CTC.
The substantial portion of this volume comprises fresh teas totalling 16.23 lakh kg. About 2.30 lakh kg comprises teas unsold in previous auctions. Last week, 78 marks got Rs 100 and more. Homedale Estate tea, auctioned by Global Tea Brokers, topped the CTC market at Rs 151 a kg. Hittakkal Estate got Rs 132, Darmona Estate Rs 131, Vigneshwar Estate Rs 129 and Professor Rs 126. Among orthodox teas from corporate sector, 31 marks got Rs 100 and more. Chamraj got Rs 208, Havukal and Kairbetta Rs 161 each, Curzon Rs 151 and Corsley Rs 148.
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