The cumulative turnover of Coonoor Tea Trade Association (CTTA) auctions in the first three quarters of current calendar has increased by 30.68 per cent over the corresponding period of last year.

This has happened because more volumes were sold at a higher price, reveals an analysis of the market reports.

In all, 39 auctions had been conducted in the first nine months of 2012.

A total volume of 4.11 crore kg had been sold against 3.96 crore kg last year.

Helped by the increased demand, the average price rose to Rs 79.70 a kg from Rs 63.30 last year. Consequently, the overall turnover increased to Rs 327.57 crore from Rs 250.67 crore. This increase of Rs 76.90 crore marked a growth of 30.68 per cent. The increased turnover lay spread among growers, factory owners, dealers, buyers, warehouse keepers and workers.

There has been a consistent increase in cumulative turnover in all the months so far this year.

The increase in cumulative turnover, which was Rs 67 lakh (2.39 per cent) in January over the same month of 2011, rose to Rs 4.70 crore (9.26 per cent) in February, Rs 10.31 crore (13.46 per cent) in March, Rs 15.54 crore (15.94 per cent) in April, Rs 20.15 crore (16.66 per cent) in May, Rs 31.09 crore (19.23 per cent) in June, Rs 52.82 crore (27.65 per cent) in July and Rs 68.25 crore (30.44 per cent) in August before peaking to Rs 76.90 crore (30.68 per cent) in September-end.

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