Agri Business

Tea board fixes ₹14.74/kg average price for October

PS Sundar Coonoor | Updated on October 09, 2021

Growers will get a whopping ₹60 less per kg for every kg of made tea

The Tea Board has fixed the price bought leaf factories have to pay to small growers for purchasing their green leaf this month at ₹14.74 a kg.

Tea Board’s Deputy Director CS Hariprakash said this price was arrived at as per Section 30A of Tea Marketing Control Order based on the consolidated auction sale average of CTC teas from bought leaf factories during September.

This price is marginally more by 36 paise compared to ₹14.38 a kg fixed for last month. That marks an increase of 2.50 per cent. This is the highest price of the last three months.

However, compared to October last year, this price is as much as ₹15.29 or a whopping 50.92 per cent less. In fact, the price of ₹30.03 a kg fixed for October last year was the highest price fixed for any month so far.

Considering that four kgs of green leaf are generally bought to manufacture one kg of made tea, small growers will now get as much as ₹60 less per kg compared to this time last year for every kg of manufactured tea.

Published on October 08, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

You May Also Like