• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

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

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

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. 12 Producers who sold their teas through the 39 auctions of the Coonoor Tea Trade Association have earned Rs 119.10 crore more in the nine months of this calendar, compared to last year.

This was possible as a greater volume could be sold for a higher price, an analysis of the Market Reports reveals.

In nine months, the volume sold increased to 3.83 crore kg from 2.58 crore kg. On an average, every kilo fetched Rs 61.26, against Rs 44.78.

Consequently, the turnover rose to Rs 234.63 crore from Rs 115.53 crore. This marked an increase of Rs 119.10 crore or 103 per cent.

Earnings increased in respect of both the orthodox and CTC teas.

In the case of CTC teas, which comprised the bulk of the sales, every kilo fetched on an average Rs 61.03 (Rs 43.80).

At this high price, a higher volume of 3.58 crore kg were sold (2.37 crore kg).

Orthodox tea prices averaged Rs 64.52 a kg (Rs 55.70). Volume sold rose to 25.47 lakh kg from 21.25 lakh kg.

More Stories on : Tea

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

Copyright © 2008, 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