A volume of 13.08 lakh kg has been catalogued for Sale No: 46 of Coonoor Tea Trade Association auctions to be held on Thursday and Friday when the market reopens after Diwali holidays, reveals our analysis of brokers’ listing.

It is as much as 1.18 lakh kg more than last week’s offer but as much as 3.85 lakh kg less than the offer this time last year.

Of the 13.08 lakh kg on offer, 9.27 lakh kg belongs to the leaf grades and 3.81 lakh kg belongs to the dust grades. As much as 12.27 lakh kg belongs to CTC variety and only 0.81 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 0.49 lakh kg belongs to orthodox while 8.78 lakh kg, CTC. Among the dusts, only 0.32 lakh kg belongs to orthodox while 3.49 lakh kg, CTC.

Fresh tea accounts for 12.47 lakh kg while about 61,000 kg comprises teas which had remained unsold in previous auctions. Last week, quotations held by brokers indicated bids ranging Rs 74-77 a kg for plain leaf grades and Rs 95-125 for brighter liquoring sorts. They ranged Rs 80-82 for plain dusts and Rs 100-138 for brighter liquoring dusts.

In the leaf tea auction, Hindustan Unilever Ltd (HUL) bought good medium varieties. Duncans Tea Ltd showed interest on good medium brokens. Tata Global Beverages Ltd and Godfrey Philips India Ltd were selective. There was good demand from exporters for medium and plainer varieties. Internal buyers were less active.

In the dust tea auction, HUL and Tata Global bought good medium varieties. Indcoserve showed interest on medium smaller grades. Exporters preferred medium and plainer varieties. Internal buyers were fairly active.

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

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