Comments
The volume of 10.45 lakh kg being offered for Sale No: 12 of Coonoor Tea Trade Association auction, to be held on Thursday and Friday, is the least of all the auctions held so far in calendar 2015. It is some 49,000 kg less than last week’s offer.
Of this, 6.74 lakh kg belongs to leaf grades and 3.71 lakh kg to dust grade.
As much as 9.53 lakh kg belongs to CTC variety and only 92,000 kg, orthodox variety.
The proportion of orthodox teas continues to be low in both leaf and dust grades.
In the leaf counter, only 45,000 kg belongs to orthodox while 6.29 lakh kg, CTC.
Among the dusts, only 47,000 kg belongs to orthodox while 3.24 lakh kg to CTC.
In the Leaf market last week, among corporate buyers, Hindustan Unilever Ltd operated on good medium varieties.
Other majors – Tata Global Beverages Ltd., Duncan Tea Ltd and Godfrey Phillips India – did not operate.
In the Dust market, HUL was selective on good medium smaller grades and orthodox dusts.
Other majors – Tata Global Beverages Ltd., and Duncan Tea Ltd – did not operate. Indcoserve was fairly active on medium smaller grades.
There was fair enquiry from exporters for medium and plainer teas.
Internal buyers were less active. There was fair demand for brighter liquoring teas from upcountry buyers.
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.