Coonoor: The volume catalogued for Sale No: 48 of the Coonoor Tea Trade Association (CTTA) to be held here on Thursday and Friday has fallen to a 25-week low.
An analysis of the catalogues of the brokers indicates that the volume adds to 9 lakh kg. This is 27,000 kg lower than last week and as much as 3.37 lakh kg lower than the volume offered this time last week.
Frost and blister blight in various plantation pockets have reduced the harvest.
Fresh teas account for 7.75 lakh kg. The balance is the volume of teas which remained unsold in previous auctions.
Of the 9 lakh kg, as much as 6.49 lakh kg belong to the leaf grades and 2.51 lakh kg belong to the dust grades. Again, as much as 8.41 lakh kg belong to CTC variety and only 0.59 lakh kg, orthodox variety.
The proportion of orthodox continues to be low in both the leaf and dust grades. In the leaf counter, only 0.23 lakh kg belong to the orthodox while 6.26 lakh kg belongs to CTC. Among the dusts, only 0.36 lakh kg belong to the orthodox while 2.15 lakh kg, CTC.
If the demand strengthens against the low supply, prices will look up as happened last week.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment