The rising trend witnessed in the offer for Coonoor Tea Trade Association auctions in the past one month continues this week with the volume of 20.70 lakh kg for Sale No: 21 on Thursday and Friday to be the highest so far this calendar.
This week’s offer is as much as 1.02 lakh kg more than last week’s offer which was the year’s highest until then.
Of this, 14.64 lakh kg belongs to leaf grades and 6.06 lakh kg, dust grade As much as 19.49 lakh kg belongs to CTC variety and only 1.12 lakh kg, orthodox variety. In the leaf counter, only 67,000 kg belongs to orthodox while 13.97 lakh kg, CTC.
Among the dusts, only 54,000 kg belongs to orthodox while 5.52 lakh kg, CTC.
In the Leaf market last week, among corporate buyers, Hindustan Unilever Ltd operated on brighter liquoring, good medium and also medium varieties. Tata Global Beverages Ltd. was fairly active on good medium varieties. In the Dust market, HUL and Tata Global were selective on good medium varieties. Indcoserve was fairly active on medium smaller grades.
There was some enquiry from exporters for medium and plainer teas. Internal buyers were less active. There was fair demand for brighter liquoring teas from upcountry buyers.