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The rising trend witnessed in the offer for Coonoor Tea Trade Association auctions continues this week with the volume of 19.02 lakh kg for Sale No: 19 on Thursday and Friday to be the highest so far this calendar.
This week’s offer is as much as 1.70 lakh kg more than last week’s offer.
Of this, 13.38 lakh kg belongs to leaf grades and 5.64 lakh kg belongs to dust grade As much as 17.89 lakh kg belongs to the CTC variety while only 1.13 lakh kg belongs to the orthodox variety. In the Leaf market last week, among corporate buyers, Hindustan Unilever Ltd operated on brighter liquoring, good medium and also medium varieties. Tata Global Beverages Ltd. was fairly active on good medium varieties.
In the Dust market, Tata Global was selective on good medium varieties. Indcoserve was fairly active on medium smaller grades. There was fair enquiry from exporters for medium and plainer teas. There was fair demand for brighter liquoring teas from upcountry buyers.
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