Comments
The cumulative turnover in the eight months of current calendar at the auctions of Coonoor Tea Trade Association (CTTA) has risen by 8.57 per cent. This has happened despite the volume sold falling by 74 lakh kg because of the price rising by ₹24 a kg, reveals an analysis of market reports. Till August, 34 auctions had been held when the average price rose to ₹95.71 a kg from ₹71.64. The increase in price brought some withdrawal impact with buyers and the volume sold dropped to 3.21 crore kg from 3.95 crore kg. Nevertheless, the increase in price helped the overall realisation to rise to ₹307.23 crore from ₹282.98 crore. This increase of ₹24.25 crore marked a growth of 8.57 per cent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.