Coonoor Tea Sale Sees Poor Demand

Coonoor: Prices fell by Rs 2 a kg on the average at sale no: 32 of the Coonoor Tea Trade Association (CTTA), when a volume of 11.82 lakh kg was offered as the demand failed to prevail at high bids. About 25 per cent of the offer, mostly the browner sorts, had to be withdrawn for want of bids. A good volume was auctioned for Rs 31 to 34. "Better medium CTC leaf teas sold at last levels, but medium sorts eased Rs 1 to 2 a kg. The range of brokens and fannings among orthodox leaf got poor demand and eased Rs 2 to 4 a kg. Flaky teas could be sold only when prices shed more. The choppy varieties were absorbed when prices shed Rs 2 to 3. Among the corporate purchasers, Hindustan Unilever Ltd purchased better medium sorts. JV Gokal selected orthodox dusts. CIS shippers bought bolder grades for around Rs 36 to 37.