Thursday, August 14, 2008

Coonoor Tea Auctions To See Low Volume - Aug 14 , 2008

Coonoor: An analysis of the catalogues of various brokers' shows that volume offered for sale No: 33 of the auctions of Coonoor Tea Trade Association (CTTA) concluding on Aug 14 totals 11.22 lakh kg. There will be no auction on Aug 15 because of the Independence Day. This is the lowest volume of the last 18 weeks excepting April 24 when the volume was 11.08 lakh kg. This week's volume is lower than last week's offer by as much as 1.33 lakh kg. Fresh arrivals remain to be high. Of the 11.22 lakh kg, fresh arrivals total as much as 11.03 lakh kg. The balance comprises teas continuing unsold in previous auctions. Again, as much as 10.67 lakh kg belong to CTC variety and only 0.55 lakh kg, orthodox variety. In the leaf counter, only 0.21 lakh kg belong to orthodox while 7.78 lakh kg, CTC.

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