29-week low offerings at Coonoor tea auctions

Coonoor: For the last auctions of 2007 to be held by the Coonoor Tea Trade Association (CTTA) through Sale No: 52 on December 27 and 28, the volume catalogued is the lowest of the past 29 weeks. An analysis of the catalogues shows that only 8.41 lakh kgs will come for auctions. This is some 60,000 kgs lower than last week. For the sixth consecutive week, the volume is lower than the 10-lakh kgs level.

Frost effect
Frost in many tea growing pockets has reduced the harvest and restricted the arrivals. Arrival totals 7.25 lakh kgs out of 8.41 lakh kgs catalogued now. The balance comprises teas remaining unsold in the previous weeks. Of the 8.41 lakh kgs, as much as 6.02 lakh kgs belong to the leaf grades and 2.39 lakh kgs belong to the dust grades.

Source: Sify