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A volume of 13.14 lakh kg, some 2,000 kg more than last week, is being offered at Sale number 15 of the Coonoor Tea Trade Association to be held on Thursday and Friday.
Of this, a volume of 8.91 lakh kg belongs to the leaf grades and 4.23 lakh kg belongs to the dust grades.
As much as 12.31 lakh kg belongs to CTC variety and only 0.83 lakh kg, orthodox variety. In the leaf counter, only 0.38 lakh kg belong to orthodox, while 8.53 lakh kg, CTC.
Among the dusts, only 0.45 lakh kg belongs to orthodox while 3.78 lakh kg, CTC.
A volume of 2.47 lakh kg of teas unsold in previous weeks is being re-offered this week.
Last week, 29 per cent remained unsold despite slashing prices by ₹one a kg.
Homedale Estate tea, auctioned by Global Tea Brokers, topped CTC market when Om Enterprises bought it for ₹194 a kg.
In the Leaf auction, Hindustan Unilever Ltd bought medium varieties.
In the Dust auction, HUL was selective. There was only fair demand for brighter liquoring teas from upcountry buyers.
Overall, internal buyers were less active. Exporters chose mostly plainer grades.
Consequently, prices crashed to an average of ₹73.07 a kg – the least so far this year.
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