A volume of 13.82 lakh kg will be offered at sale no 41 of Coonoor Tea Trade Association auctions to be held tomorrow and Friday, reveals an analysis of brokers' listing.

This is the highest volume of the last eight weeks. It is some 44,000 kg more than last week's offer and as much as 1.43 lakh kg more than the offer this time last year.

Of the 13.82 lakh kg on offer, 9.70 lakh kg belongs to the leaf grades and 4.12 lakh kg belongs to the dust grades. As much as 12.95 lakh kg belongs to CTC variety and only 0.87 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 0.51 lakh kg belongs to orthodox while 9.19 lakh kg, CTC. Among the dusts, only 0.36 lakh kg belongs to orthodox while 3.76 lakh kg, CTC.

In the 13.82 lakh kg, fresh teas account for 13.24 lakh kg. Only 58,000 kg comprises teas which had remained unsold in previous auctions. Nearly 25 per cent of the offer last week remained unsold and those sold fetched Rs 2/kg lower on the average because of Pooja holidays in upcountry markets restricting the demand. Quotations held by brokers indicated bids ranging Rs 44-49 a kg for plain leaf grades and Rs 80-120 for brighter liquoring sorts. They ranged Rs 47-54 for plain dusts and Rs 85-137 for brighter liquoring dusts.

Related Topics
comment COMMENT NOW