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This week’s turnover at the auctions of the Coonoor Tea Trade Association, which concluded on Friday, has posted an increase of 4.17 per cent over last week. This has happened despite selling a lower volume because of an increase in price, reveals an analysis of the market reports. The average price dropped to Rs 84.03 a kg from Rs 84.61. This helped the off-take to rise to 11 lakh kg from 10.48 lakh kg. This was the highest volume sold in five weeks. Consequently, the turnover increased to Rs 9.24 crore from Rs 8.87 crore last week. This meant that the turnover rose Rs 37 lakh or 4.17 per cent in one week. This was the highest turnover in a month. This week, about 78 per cent of the offer was sold against 81 per cent last week.
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