Commodities

Global tea auction prices rise

PS Sundar Coonoor | Updated on January 08, 2018

COIMBATORE, 14/06/2008: The tea garden at Adderley Estate about 12 kilometres from Coonoor, owned by Glendale Estates. Photo: K. Ananthan 14/06/2008



Tea prices in public auctions in all countries so far this calendar have increased over the corresponding period of 2016 except in North India, reveals an analysis of the market reports of various auction centres across the globe. Sri Lankan teas have fetched the highest average price of $4.06 a kg, significantly higher than the $2.80 got in 2016. Rwanda teas came next at $3.15 a kg, up from $2.49 in 2016. Kenyan teas got $2.99 a kg ($2.38), while Bangladesh got $2.32 ($2.15). Indian teas fetched an average price of $1.91, almost unchanged from the $1.90 it got in 2016. South Indian average price rose to $1.58 ($1.54) but North Indian prices dropped to $2.01 ($2.06).

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Published on October 05, 2017
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