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The cumulative turnover of Coonoor Tea Trade Association which, for the first time in 2011 increased in June over last year, continued to post cumulative gains in the seven months.
Till May end, the turnover was Rs 2.30 crore less than last year, despite an increase in price, because of lower volume sold. For the first time this year, in June, both the volume sold and the prices fetched increased resulting in cumulative gain of Rs 8.26 crore in the first half over H1 of 2010.
An analysis of the Market Reports shows that the rising trend continued in July. In the first seven months, in all, 30 auctions had been conducted. The volume sold increased to 2.98 crore kg from 2.93 crore. The prices also increased – from Rs 60.59 a kg to Rs 64.11.
Consequently, the overall turnover in the first seven months of current calendar increased to Rs 191.05 crore.
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