The offer for Sale No: 31 of Coonoor Tea Trade Association ending on Friday has dropped to 17.29 lakh kg from year’s highest volume of 24.10 lakh kg offered last week.
In this, teas remaining unsold in previous auctions account for 3.05 lakh kg leaving fresh arrival at 14.24 lakh kg.
Of this, a volume of 12.30 lakh kg belongs to the leaf grades and 4.99 lakh kg belongs to the dust grades. As much as 16.16 lakh kg belongs to the CTC variety and only 1.13 lakh kg, orthodox variety. In the leaf counter, only 70,000 kg belongs to orthodox while 11.60 lakh kg, CTC. Among the dusts, only 43,000 kg belongs to orthodox while 4.56 lakh kg, CTC.
In the Leaf auction last week, among corporate buyers, Hindustan Unilever Ltd bought brighter liquoring varieties. Tata Global Beverages Ltd., was fairly active on good medium sorts. In the Dust auction, HUL, was fairly active on good medium varieties. Indcoserve was active on good medium smaller grades. There was demand for brighter liquoring teas from upcountry buyers. Overall, internal buyers were less active. Exporters chose mostly plainer grades.
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