Comments
Tea producers and trader who operated through the auctions of Coonoor Tea Trade Association (CTTA) have earned 23.97 per cent more till August than in the same months of 2019.
This was possible because five lakh kg more tea was sold despite the average prices ruling as much as ₹ 20.83 per kg more, reveals our analysis of the market reports.
Because of lockdown, some auctions did not take place this year. However, the demand was high due to disruption in the availability of tea from North India because of floods and lower production.
All the same, upcountry buyers noticed a general improvement in the quality of teas offered at the CTTA auctions.
Collectively, buyers chose to bid more and purchase higher volume of teas from CTTA auctions.
This pushed up the average price till August to ₹ 113.66 a kg from ₹ 92.83.
Despite this, the volume sold increased to 4.06 crore kg from 4.01 crore kg.
With increased volume being sold at higher average price, the overall realisation rose to ₹ 461.46 crore from ₹ 372.25 crore.
This marked an increase of ₹ 89.71 crore or 23.97 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.