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The Tea Board of India has announced that the district average price for the green leaf supplied by small growers in The Nilgiris during June will be ₹12.60 a kg.
The Deputy Director of Tea Development CS Hariprakash has instructed all bought-leaf factories in the district to adhere to this price while buying green leaf from farmers till June 30.
Last month, the Board had fixed ₹14.50 a kg as the average price but soon lowered it to ₹14/kg.
‘Lowest price’
Still, The Nilgiri Bought Leaf Tea Manufacturers’ Association (TNBLTMA) announced the stoppage by its members of the purchase of leaf as the price factories got at the auctions for the teas manufactured with this leaf was falling uncontrollably.
After the Board’s interference, factories resumed the purchase.
It was, therefore, widely believed that the Board would substantially reduce the average price for June.
Now, it has fixed a price which is the lowest so far in 2018.
“We have been requesting the Board not to fix the green leaf price in the beginning of the month but to do it at the end of the month based on the price each factory got at the auctions,” TNBLTMA President Ramesh Bhojarajan told BusinessLine .
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