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A volume of 11.73 lakh kg will be offered for Sale No: 6 of the auctions of the Coonoor Tea Trade Association to be held on Thursday and Friday, reveals an analysis of the listings by brokers.
It is the highest volume on offer at the auction in the last four weeks – 1.58 lakh kg more than last week's offer and 1.68 lakh kg more than the offer at the same time last year.
Of the 11.73 lakh kg on offer, leaf grades account for 8.29 lakh kg and dust grades 3.44 lakh kg. As much as 10.99 lakh kg is of the CTC variety and only 0.74 lakh kg of the orthodox variety. The proportion of orthodox teas continues to be low in both the leaf and dust grades. In the leaf counter, only 0.35 lakh kg is of the orthodox variety, while 7.94 lakh kg is of the CTC type. Among the dusts, only 0.39 lakh kg is of the orthodox variety and 3.05 lakh kg, CTC.
Fresh teas accounted for 10.65 lakh kg of the total with 1.08 lakh kg comprising teas that remained unsold in previous auctions. This week, 108 marks of CTC teas and 33 marks of orthodox teas got Rs 100 and more. On the export front, Pakistan bought in a wide range — Rs 55-75 a kg — and the CIS in the range of Rs 59-70.
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