A volume of 18.89 lakh kg is being offered for Sale No: 26 of Coonoor Tea Trade Association auction to be held on Thursday and Friday. This is as much as 3.20 lakh kg more than last week.
Of this, a volume of 13.03 lakh kg belongs to the leaf grades and 5.86 lakh kg belongs to the dust grades. As much as 17.74 lakh kg belongs to CTC variety and only 1.15 lakh kg, orthodox variety. In the leaf counter, only 78,000 kg belongs to orthodox while 12.25 lakh kg, CTC. Among the dusts, only 37,000 kg belongs to orthodox while 5.49 lakh kg, CTC.
A volume of 1.82 lakh kg of teas unsold in previous weeks is being re-offered this week. Last week, Vigneshwar Estate tea, auctioned by Paramount Tea Marketing, topped the CTC market at ₹187 a kg followed by Homedale Estate tea, auctioned by Global Tea Brokers, at ₹181.
In the Leaf auction last week, among corporate buyers, Hindustan Unilever Ltd bought brighter liquoring varieties. Tata Global Beverages Ltd., Godfrey Philips India Ltd and Duncans Tea Ltd showed interest on good medium bolder brokens. In the Dust auction, Godfrey Philips was selective on medium smaller grades. Indcoserve was active on good medium smaller grades. There was good demand for brighter liquoring teas from upcountry buyers. Overall, internal buyers were less active. Exporters chose mostly plainer grades.