Coonoor: An analysis of the catalogues of various brokers indicates that a volume of 11.71 lakh kg has been offered for sale this week at the auctions of the Coonoor Tea Trade Association (CTTA).
This is nearly 30,000 kg lower than the volume offered last week. But, it is almost 2.57 lakh kg more than the volume offered this time last year. Of the 11.71 lakh kg, 8.32 lakh kg belong to the leaf grades and 3.39 lakh kg, dust grades. Again, as much as 11.05 lakh kg belong to CTC variety and only 0.66 lakh kg, orthodox variety.
Orthodox share
The proportion of orthodox continues to be low in both the leaf and dust grades. In the leaf counter, only 0.22 lakh kg belong to the orthodox while 8.10 lakh kg, CTC. Among the dusts, only 0.44 lakh kg belong to the orthodox while 2.95 lakh kg, CTC.
Around 9.67 lakh kg is fresh tea. The balance comes from the volume remaining unsold in the previous auctions.
With exporters taking a subdued approach, producers are keeping their fingers crossed on the volume that could be sold at fair prices, the auctioneer said.
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