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The turnover of Coonoor Tea Trade Association, in the first quarter of this calendar year, has increased by 13.46 per cent over the same period of last year, reveals an analysis of the market report.
This has happened despite a reduction in prices because of higher volume having been sold.
In all, 13 auctions had been conducted in January, February and March. A total volume of 1.22 crore kg had been sold against 1.06 crore kg in the same months of last year. More volume could be sold because of sacrificing prices by Rs 1.03 a kg. The prices averaged Rs 71.25 a kg against last year's Rs 72.28.
Consequently, the overall turnover increased to Rs 86.93 crore from Rs 76.62 crore. This increase of Rs 10.31 crore marked a growth of 13.46 per cent.
The increased turnover lay spread among growers, factory owners, dealers, buyers, warehouse keepers and workers.
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