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The cumulative turnover at the auctions of Coonoor Tea Trade Association (CTTA) in the five months of current calendar has risen by 1.63 per cent over the same months of 2015. This has happened despite the volume sold falling by 45 lakh kg because of a sharp price increase of ₹21/kg. In all, 21 auctions had been held till May-end when the average price rose to ₹97.42 a kg from ₹76.07 last year. Because of the sharp increase in price, the volume sold dropped to 1.73 crore kg from 2.18 crore kg. Nevertheless, the high price helped the overall realisation to rise to ₹168.54 crore from ₹165.83 crore. This increase of ₹2.71 crore marked a growth of 1.63 per cent.
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