Commodities

Coonoor tea offerings drop

| Updated on: Apr 02, 2014

A volume of 13.12 lakh kg, some 1,000 kg less than last week, is being offered at this week’s sale (number 14) at the Coonoor Tea Trade Association on Thursday and Friday.

Of this, a volume of 8.98 lakh kg belongs to the leaf grades and 4.14 lakh kg to the dust grades. Some 12.23 lakh kg makes up the CTC offerings and 0.89 lakh kgorthodox.

In the leaf counter, only 0.44 lakh kg belongs to orthodox while 8.54 lakh kg CTC. Among the dusts, only 0.45 lakh kg belongs to orthodox while 3.69 lakh kg CTC.

A volume of 3.14 lakh kg of tea unsold in the previous weeks is being re-offered this week.

Last week, 22 per cent was unsold despite prices ruling lower by ₹3 a kg.

Last week, 51 marks got ₹125 and more. Some 46 marks got ₹125 in the orthodox section.

Quotations held by brokers indicated bids ranging from ₹50-54 a kg for plain leaf grades and ₹110-150 for brighter liquoring sorts. They ranged ₹65-67 for plain dusts and ₹130-185 for brighter liquoring dusts.

Export purchase was scanty and limited to plainer less-priced tea.

There was no purchase worth recording for Pakistan as exporters said that adequate stocks prevailed with their importers.

There was some purchase for the CIS at ₹50-69 a kg.

Published on April 02, 2014

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