Thursday, July 17, 2008

Coonoor tea auction volume remain high - July 17, 2008

Coonoor: A vast volume of 14.16 lakh kg will be offered at Sale No: 29 of the sales of the Coonoor Tea Trade Association (CTTA) to be held on July 17 and July 18. This is the biggest offer for a single sale in nearly 30 months, barring last week when the volume totalled 15.40 lakh kg. The offer continues to be more because of a 33 per cent increase in Nilgiri production in the first half, despite a 5.2 per cent fall in June. Of the 14.16 lakh kg, fresh arrivals total 13.44 lakh kg. The balance includes teas remaining unsold in previous auctions. Of the 14.16 lakh kg on offer, as much as 10.24 lakh kg belong to the leaf grades and 3.92 lakh kg belong to the dust grades, 13.27 lakh kg belong to CTC variety and only 0.89 lakh kg, orthodox variety.

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