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A volume of 11.01 lakh kg will be offered for Sale No: 7 of Coonoor Tea Trade Association auctions which will conclude on Friday, reveals an analysis of listing by brokers.
It is about 72,000 kg less than last week's offer but as much as 1.13 lakh kg more than the offer this time last year.
Of the 11.01 lakh kg on offer, 7.93 lakh kg belongs to the leaf grades and 3.08 lakh kg belongs to the dust grades. As much as 10.35 lakh kg belongs to CTC variety and only 0.66 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 0.39 lakh kg belongs to orthodox while 7.54 lakh kg, CTC. Among the dusts, only 0.27 lakh kg belongs to orthodox while 2.81 lakh kg, CTC.
Cold bite
The volume offered for sale would have been higher had it not been for last month's frost-bite in the Nilgiris. “About 812 hectares out of 6,502 hectares in our membership have been hit. This is the severest of the last three years – 177 hectares in 2011, 192 in 2010 and 750 in 2009”, Mr Suresh Jacob, Chairman, Nilgiri Planters' Association, told Business Line .
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