The declining trend in the offer of teas for Coonoor Tea Trade Association auctions continues with the volume of 14.47 lakh kg catalogued for Sale No: 31 – to be held on Thursday and Friday – being the lowest of the last eight weeks.
Of the 14.47 lakh kg on offer, 10.24 lakh kg belongs to the leaf grades and 4.23 lakh kg belongs to the dust grades. In the leaf counter, only 0.72 lakh kg belongs to orthodox while 9.52 lakh kg, CTC. Among the dusts, only 0.51 lakh kg belongs to orthodox while 3.72 lakh kg, CTC.
The substantial portion of this volume comprises fresh teas totalling 13.61 lakh kg. Last week, in the leaf tea auction, Hindustan Unilever Ltd (HUL) and Tata Global Beverages Ltd bought medium varieties. Godfrey Philips India Ltd was selective . In the dust tea auction, HUL and Duncans Tea bought good medium grades.