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A volume of 13.44 lakh kg would be offered for Sale No: 17 of Coonoor Tea Trade Association auction to take place on Thursday and Friday, reveals our analysis of the brokers’ listings.
This is the highest volume in nine weeks. It is some 99 thousand kg more than last week’s offer and as much as 2.86 lakh kg more than the offer this time last year.
Of the 13.44 lakh kg on offer, 9.74 lakh kg belongs to the leaf grades and 3.70 lakh kg belongs to the dust grades. As much as 12.66 lakh kg belongs to CTC variety and only 0.78 lakh kg, orthodox variety. In the leaf counter, only 0.52 lakh kg belongs to orthodox while 9.22 lakh kg, CTC. Among the dusts, only 0.26 lakh kg belongs to orthodox while 3.44 lakh kg, CTC.
Of the 13.44 lakh kg coming up for sale, fresh tea accounts for 11.40 lakh kg. About 2.04 lakh kg comprises teas which had remained unsold in previous auctions. In the Leaf auction last week, Hindustan Unilever Ltd bought brighter liquoring and medium varieties while Duncans Tea Ltd bought medium brokens. Godfrey Philips India Ltd was selected medium grades.
In the Dust auction, HUL, and Tata Global were selective. Duncans and Godfrey did not operate. Indcoserve bought medium smaller dusts. AV Thomas and Co Ltd bought brighter liquoring smaller grades. Exporters were selective on plainer grades but upcountry buyers demanded brighter liquoring teas.
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