Comments
The rising trend seen in the offerings at the auctions of Coonoor Tea Trade Association in the recent weeks continues this week with 23.36 lakh kg tea being offered at Sale No: 28 on Thursday and Friday.
This is the highest volume to be offered so far this calendar. Of this, 15.88 lakh kg belongs to the leaf grades and 7.48 lakh kg belongs to the dust grades. As much as 21.92 lakh kg belongs to the CTC variety and only 1.44 lakh kg belongs to the orthodox variety. In the leaf counter, only 92,000 kg belongs to the orthodox while 14.96 lakh kg is CTC. Among the dusts, only 52,000 kg belongs to orthodox while 6.96 lakh kg to CTC.
A volume of 2.61 lakh kg of teas unsold in previous weeks is being re-offered this week.
In the Leaf auction last week, among corporate buyers, Hindustan Unilever Ltd bought brighter liquoring varieties. In the Dust auction, Godfrey Philips India Ltd was active on medium smaller grades. Indcoserve was active on good medium smaller grades. There was good demand for brighter liquoring teas from upcountry buyers. Overall, internal buyers were less active. Exporters chose mostly plainer grades.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.