The Hindu Business Line : Coonoor tea turnover up Rs 25 crore

Coonoor, May 9 The turnover of the teas sold through the Coonoor Tea Trade Association (CTTA) in the first four months of 2008 has increased by Rs 25.1 crore over the same months of last year.

This was because the price earned rose by Rs 6 a kg even as the volume sold increased by four million kgs.

An analysis of the Market Reports of the 17 auctions held till April shows that teas fetched an average price of Rs 53.99 a kg against Rs 48.76 last year. The volume sold increased to 13.4 million kg from 9.69 million kg. Consequently, the overall earnings increased to Rs 72.35 crore from Rs 47. 25 crore, marking a gain of 53.12 per cent.

CTCs gain

The sharpest increase came in respect of CTC teas, whose prices rose by Rs 6 a kg to average Rs 53.58. In all, 12.4 million kg were sold against 8.8 million kg last year.

In respect of orthodox teas, more volume could be sold only when prices shed. In all, 1.01 million kgs were sold against 0.89 million kgs last year. But, this happened only with the prices dropping to Rs 58.92 a kg from Rs 61.18.

Last sale of April (Sale No: 17) brought in handsome gains to the producers. Prices averaged Rs 56.41 a kg – up by Rs 9 over the corresponding sale of last year. Volume sold rose to 10.02 lakh kgs against a mere 6.17 lakh kgs in Sale No: 17 of April 2007.

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