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Sunday, June 11, 2023

Slack need drags tea costs at Coonoor auctions

Subdued need continued to impact tea costs at Coonoor auctions with expensive and much better liquoring sorts in CTC leaf judgment lower by 4 to 5.

Sources in the tea sector stated traders hesitate to acquire more amounts in anticipation of a more fall in costs. A few of the growing areas have actually gotten excellent rains, which would be beneficial for an excellent crop in the next season. This might be a factor for the traders to keep away from the marketplace. The initially flush from the gardens in this season is anticipated to come up in auctions in the very first week of May, which would even more rise the costs.

In sale 13, the amount used in leaf was 8,43,563 kg and the offered portion was just 80 percent. The used amount in the dust classification was 2,83,323 kg with a sales portion of 86 percent, International Tea Auctioneers stated.

Low need for orthodox leaf.

In CTC leaf, much better medium bolders and brokens were lower by 2 to 3 with reasonable withdrawals. The mediums and plainer sorts bolders and brokens were likewise down by 2 to 3 with a reasonable quantity of teas out noted.

Usually, low need was observed in the total orthodox leaf sale. The main entire leaf grades had less need and offered lower by 6 to 8. The brokens were likewise lower by 4 to 5.

In dust CTC, expensive teas had less need and offered lower by 6 to 8. The much better liquoring sorts were normally simpler by 2 to 3.

The main orthodox dust grades were lower by 8 to 10. The secondaries and finer dusts were hardly stable to sometimes simpler by 1 to 2.


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