The Hindu Business Line : Tea prices up in global sales

Teas sold through all auction centres across the globe, except Malawi’s Limbe, have fetched higher prices in the first half of calendar 2008 over the corresponding period of 2007, an analysis of Market Reports and information available with Tea Board reveals. Indonesian teas at Jakarta auctions fetched the highest increase of 44.12 per cent to average $1.47 a kg. Kenyan teas at Mombassa auctions posted the next highest increase of 35.58 per cent, to rule at $2.21 a k g. Sri Lankan teas at Colombo auctions gained 32.46 per cent to average $3.02. Bangladesh teas at Chittagong auctions earned 28.70 per cent more to rule $1.48. Indian teas at the eight auction centres posted an increase of 19.21 per cent to rule $1.80. Malawi’s teas at Limbe auctions lost 7.64 per cent to average $1.33 a kg. –

P.S. Sundar

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