Coonoor: Volume continues to be low for the fourth auctions for 2008 of the Coonoor Tea Trade Association (CTTA) to be held here on Thursday and Friday.
An analysis of the catalogues of the brokers indicates that the volume totals 9.19 lakh kg was some 18,000 kg lower than the offer of last week.
It is, however, 87,000 kg more than the offer this time last year.
Fresh arrivals are reported to be 7.98 lakh kg. The balance comprises teas remaining unsold in previous auctions.
• Quarterly results of corporates: Check out
The low volume is said to be because of frost damaging substantial areas. According to the UPASI Tea Research Foundation, around 800 hectares suffered extensive and intensive frost bite in November. Moderate frost damage occurred again in the same affected areas in the third week of December. The affected fields are yet to come to yield.
Of the 9.19 lakh kg, as much as 6.48 lakh kg belong to the leaf grades and 2.71 lakh kg belong to the dust grades. Again, as much as 8.45 lakh kg belong to CTC variety and only 0.74 lakh kg, orthodox variety.
Orthodox lower
The proportion of orthodox continues to be low in both the leaf and dust grades. In the leaf counter, only 0.27 lakh kg belong to the orthodox while 6.21 lakh kg CTC. Among the dusts, only 0.47 lakh kg belong to the orthodox while 2.24 lakh kg CTC.
An analysis of the catalogues of the brokers indicates that the volume totals 9.19 lakh kg was some 18,000 kg lower than the offer of last week.
It is, however, 87,000 kg more than the offer this time last year.
Fresh arrivals are reported to be 7.98 lakh kg. The balance comprises teas remaining unsold in previous auctions.
• Quarterly results of corporates: Check out
The low volume is said to be because of frost damaging substantial areas. According to the UPASI Tea Research Foundation, around 800 hectares suffered extensive and intensive frost bite in November. Moderate frost damage occurred again in the same affected areas in the third week of December. The affected fields are yet to come to yield.
Of the 9.19 lakh kg, as much as 6.48 lakh kg belong to the leaf grades and 2.71 lakh kg belong to the dust grades. Again, as much as 8.45 lakh kg belong to CTC variety and only 0.74 lakh kg, orthodox variety.
Orthodox lower
The proportion of orthodox continues to be low in both the leaf and dust grades. In the leaf counter, only 0.27 lakh kg belong to the orthodox while 6.21 lakh kg CTC. Among the dusts, only 0.47 lakh kg belong to the orthodox while 2.24 lakh kg CTC.
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