Agri Business

Tea prices rise 3% at auctions

| | Updated on: Nov 25, 2011

Tea prices have increased nearly three per cent in the first three quarters of current calendar over last year in the different auction centres in the country, reveals an analysis of the latest Market Reports and data available with Tea Board.

Between January and September, auction prices averaged Rs 103.41 a kg against Rs 100.50 last year. All auction centres posted gains from Rs 1.28 a kg to Rs 3.98.

North Indian prices averaged Rs 118.12 against Rs 116.55. Kolkata continued to post the country's highest price average of Rs 130.70 (last year: Rs 129.42). Guwahati prices were the second highest at Rs 110.62 (Rs 108.78) followed by Siliguri at Rs 104.79 (Rs 102.78).

South Indian prices averaged Rs 69.69 (Rs 66.39). Kochi not only posted South India's highest price average of Rs 79.57 (Rs 75.59) but the country's highest gain of Rs 3.98 a kg. Coimbatore auction prices averaged Rs 65.63 (Rs 62.46) and Coonoor Rs 63.30 (Rs 59.97).

The Teaserve auctions posted the country's lowest price average of Rs 57.15 a kg (Rs 54.91).

Published on November 25, 2011

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