Agri Business

Tea prices fall 11% in Q1

PS Sundar Coonoor | Updated on June 18, 2020

Tea prices at various auction centres in the country in the first quarter (Q1) of the current calendar fell by 10.79 per cent over the same period of 2019.

According to the latest data available with the Tea Board, the average price at the auctions in the first quarter dropped to ₹ 110.01 a kg from ₹ 123.31 during Q1 of 2019.

This fall of ₹ 13.30 a kg, marked a decline of 10.79 per cent. The prices dropped in both North and South Indian auctions.

In the North, the average price fell to ₹114.19 a kg from ₹ 127.99 during January-March 2019.

Due to prolonged winter conditions, till March, auctions were limited in the North but by mid-March, the lockdown disrupted auctions.

The lockdown affected the conduct of auctions in the South from around March 20. In the South, the average price crashed to ₹94.30 a kg from ₹111.22 during Q1 of 2019.

Published on June 18, 2020

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