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After several weeks of consistent increase, the turnover of Coonoor Tea Trade Association auctions has posted a decline of 8.60 per cent over the last week.
This has happened despite fetching a higher price because of a slide in volume, reveals an analysis of market reports.
This week, the average price rose to Rs 77.23 a kg (Rs 76.43). The higher price reduced the volume sold to 16.36 lakh kg (18.10 lakh kg).
Consequently, the overall turnover fell to Rs 12.64 crore from Rs 13.83 crore. This week, leaf grades fetched an average price of Rs 76.80 a kg (Rs 76.02). Dust grades got Rs 78.38 (Rs 77.48).
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