Thursday, March 27, 2008

6-Week High Offer At Coonoor Tea Auctions

Coonoor: An analysis of the catalogues of the various brokers shows that the volume offered for Sale No 13 of the auctions of the Coonoor Tea Trade Association (CTTA) to be held here on Thursday and Friday is the highest of the last six weeks.

In all, 9.06 lakh kgs would be offered. This is some 79,000 kgs more than last week’s offer. However, it is as much as 1.23 lakh kgs lower than the offer this time last year.

Fresh arrivals are said to account for 8.46 lakh kgs of the 9.06 lakh kgs on offer. The balance comprises teas remaining unsold in the previous auctions.

Of the total, as much as 6.21 lakh kgs belong to the leaf grades and 2.85 lakh kgs belong to the dust grades. Again, as much as 8.44 lakh kgs belong to CTC variety and only 0.62 lakh kgs to orthodox variety.

Low on orthodox

The proportion of orthodox continues to be low in both the leaf and dust grades. In the leaf counter, only 0.24 lakh kgs belong to the orthodox while 5.97 lakh kgs, CTC. Among the dusts, 0.38 lakh kgs belong to the orthodox while 2.47 lakh kgs, CTC.

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