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P.S. Sundar

Coonoor, July 20 Sri Lankan teas increased the most in the first five months of this year compared with the same period a year ago.

An analysis of the market trends of the various auction centres shows that in Indian rupee terms, the average price fetched at Colombo auctions was Rs 97.67 against Rs 83.23 last year. Prices rose against tight supplies as the production fell by 18 million kg (mkg) to drop to 120 mkg. Only 95.7 mkg could be sold at Colombo auctions this year against 112. 5 mkg last year.

The second highest increase was at Jakarta auctions where the prices averaged Rs 62.96. Indonesian production increased by 3.3 mkg to reach 28.8 mkg.

The combined analysis of the Indian auctions as a whole shows an increase of Rs 3.35 a kg to Rs 63.48. In the South, prices rose by Rs 5.10 a kg to Rs 54.82. In the North, the increase was only Rs 1.40 to Rs 67.56. The increase is significant as the production remains flat at 226 mkg.

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