Comments
A volume of 10.83 lakh kg has been catalogued for Sale No: 8 of the auctions of Coonoor Tea Trade Association (CTTA) to be held tomorrow and Friday.
It is about 18,000 kg lower than last week's offer, but as much as 1.23 lakh kg more than the offer this time last year.
Of the 10.83 lakh kg on offer, 7.64 lakh kg belong to the leaf grades and 3.19 lakh kg belong to the dust grades. As much as 10.22 lakh kg belongs to CTC variety and only 0.61 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 0.30 lakh kg belong to orthodox while 7.34 lakh kg, CTC. Among the dusts, only 0.31 lakh kg belong to orthodox while 2.88 lakh kg, CTC.
In the 10.83 lakh kg offer, fresh teas account for 9.69 lakh kg and as much as 1.14 lakh kg comprise teas remaining unsold in previous auctions. This week, quotations held by brokers indicated bids ranging from Rs 48 to 55 a kg for plain leaf grades and Rs 85 to 141 a kg for brighter liquoring sorts. They ranged Rs 56 to 59 a kg for plain dust grades and Rs 85 to 139 for brighter liquoring sorts. On the export front, Pakistan bought selectively for Rs 53-57 a kg and the CIS, for Rs 53-81.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.