Tea producers and traders who operated through the auctions of Coonoor Tea Trade Association have lost marginally in the first three quarters of the current calendar compared to the same period in 2018. The volume sold had fallen by 25 lakh kg despite an increase of ₹4.73 a kg in the average price fetched.
Till the end of September, 39 auctions had been conducted, when the average price rose to ₹ 92.22 a kg from ₹ 87.49 in January-September 2018. This increase in price reduced the off take especially with the upcountry buyers picking teas from North Indian auctions. PS Sundar
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.