• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

P.S. Sundar

Coonoor , Oct. 17

Producers who sold their teas through the auctions of the Coonoor Tea Trade Association (CTTA) have earned Rs 14.74 crore more in the first nine months of this year over the corresponding period last year.

The auctions saw an increase of 12.25 per cent in the turnover. This came about despite the volume sold falling because of the high prices fetched by the teas.

Between January and September, a volume of 2.81 crore kg was sold through the auctions. In the corresponding period last year, 3.33 crore kg were sold. The offering was low because of a decline in production.

The lower offering helped the demand to be felt sharp with the buyers and more so, exporters trying to grab as much volume as possible to sustain the business.

The global shortage, particularly because of the drop in Kenyan crop, also helped the increased demand from both Pakistan and Kenya. Collectively, prices rose to Rs 48.05 a kg. In other words, every kg sold fetched, on average Rs 8 more than last year.

Consequently, the overall earnings rose to Rs 135.02 crore from Rs 120.28 crore.

More Stories on : Tea

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Urad prices likely to rise

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line