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A volume of 18.23 lakh kg would be offered at Sale No: 25 of Coonoor Tea Trade Association auction to take place on Thursday and Friday, reveals our analysis of the brokers’ listings.
It is the second highest offer so far this year after 19 lakh kg offered on January 10.
It is as much as 1.56 lakh kg more than last week’s offer but about 1.80 lakh kg less than the offer this time last year.
Of the 18.23 lakh kg on offer, 12.72 lakh kg belongs to the leaf grades and 5.51 lakh kg belongs to the dust grades. As much as 17.27 lakh kg belongs to CTC variety and only 0.96 lakh kg, orthodox variety. In the leaf counter, only 0.44 lakh kg belongs to orthodox while 12.28 lakh kg, CTC. Among the dusts, only 0.52 lakh kg belongs to orthodox while 4.99 lakh kg, CTC.
Of the 18.23 lakh kg coming up for sale, fresh tea accounts for 17 lakh kg. As much as 1.23 lakh kg comprises teas which had remained unsold in previous auctions. In the Leaf auction last week, Hindustan Unilever Ltd operated on better medium varieties while Duncans Tea Ltd., was fairly active on good medium teas. Tata Global Beverages Ltd was selective.
In the Dust auction, HUL and Duncans were selective. Tata Global showed interest on good medium varieties. Indcoserve was selective. Exporters chose medium and plainer varieties. There was high demand for brighter liquoring teas from upcountry buyers.
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