Thursday, September 18, 2008

Coonoor Tea Auction Sees Low Offerings - Sep 18, 2008

Coonoor: An analysis of the catalogues of the various auctioneers displays that only 10.15 lakh kg will be offered for Sale No: 38 of the auctions of Coonoor Tea Trade Association to be conducted on Sept 18 and Sept 19. This is the lowest volume in the past 24 weeks. It is one lakh kg lower than the volume presented this time last year.

Fresh arrivals account for 9.40 lakh kg in the offer of 10.15 lakh kg. The balance includes teas remaining unsold in the previous auctions. Of the 10.15 lakh kg on offer, 7.25 lakh kg belong to the leaf grades and 2.90 lakh kg belong to the dust grades. Again, as much as 9.47 lakh kg belong to CTC variety and only 0.68 lakh kg belong to orthodox variety

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