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A volume of 22.17 lakh kg is being offered at Sale No: 27 of the Coonoor Tea Trade Association auction, ending on Friday. This is the highest volume to be offered so far this calendar; 3.27 lakh kg more than last week.
Of this, 15.36 lakh kg belongs to the leaf grades and 6.81 lakh kg to the dust grades. As much as 20.75 lakh kg belongs to CTC variety and only 1.42 lakh kg to the orthodox variety.
A volume of 1.66 lakh kg of tea unsold in previous weeks is being re-offered this week.
In the leaf auction last week, among corporate buyers, Hindustan Unilever bought brighter liquoring varieties. Tata Global Beverages and Duncans Tea showed interest on good medium bolder brokens. In the Dust auction, HUL, Tata Global Beverages and Duncans Tea did not operate.
Godfrey Philips was selective on medium smaller grades. Indcoserve was active on good medium smaller grades. Although there was good demand for brighter liquoring teas from upcountry buyers, internal buyers were less active. Exporters, meanwhile, chose mostly plainer grades.
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