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The first half of current calendar year has brought cheer to the producers and traders who operated at the auctions of Coonoor Tea Trade Association. The cumulative turnover has increased by 19.23 per cent over the first half of last year.
This has happened because more volume was sold at a higher price, reveals an analysis of the market reports.
In all, 26 auctions had been conducted in the first six months of this year. A total volume of 2.49 crore kg had been sold against 2.47 crore kg in the first half of last year. The average prices increased to Rs 77.41 a kg against Rs 65.45 last year.
Consistent increase
Consequently, the overall turnover increased to Rs 192.75 crore from Rs 161.66 crore. This increase of Rs 31.09 crore marked a growth of 19.23 per cent.
The increased turnover was 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 last year, 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 and Rs 20.15 crore (16.66 per cent) in May before peaking to Rs 31.09 crore (19.23 per cent) in June.
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