Agri Business

Volume hits 14-week low at Coonoor tea auction

P.S. Sundar Coonoor | Updated on August 29, 2012

A volume of 10.19 lakh kg has been catalogued for Sale No: 35 of Coonoor Tea Trade Association auctions to be held on Thursday and Friday, reveals an analysis of brokers’ listing.

This is the lowest offer in the past 14 weeks. It is as much as 2.81 lakh kg less than last week’s offer and 3.57 lakh kg less than the offer this time last year,

Of the 10.19 lakh kg on offer, 7.39 lakh kg belong to the leaf grades and 2.80 lakh kg to the dust grades. As much as 9.57 lakh kg belong to CTC variety and only 0.62 lakh kg to orthodox variety. The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.37 lakh kg belong to orthodox while 7.02 lakh kg to CTC. Among the dusts, only 0.25 lakh kg belong to orthodox while 2.55 lakh kg to CTC.

Fresh teas comprise 9.61 lakh kg of the offer. Only about 58,000 kg comprise teas which had remained unsold in previous auctions. Last week, in the leaf tea auction, Hindustan Unilever Ltd (HUL) and Tata Global Beverages Ltd bought good medium varieties. Duncans Tea Ltd showed some interest in brokens. Godfrey Philips India Ltd was selective. In the dust tea auction, HUL, Godfrey Philips and Duncans Tea were selective while Tata Global did not operate.

Published on August 29, 2012

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