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Producers of quality tea in The Nilgiris are worried that prices are falling disproportionate to the standard of their produce. Although the average price at the auctions of Coonoor Tea Trade Association rose to over ₹100/kg for the first time since 2013 and stood at that level for six weeks since end-January, it has been falling week after week since February 12; and from March 11, ruling below ₹100/kg. This week, average prices dropped to the lowest level of the past six weeks – ₹ 91.30. Homedale Estate’s Broken Pekoe topped Leaf auction and the entire CTC market when TRP Tea and Commodities bought it for ₹202/kg. Homedale Estate’s Red Dust topped Dust auctions fetching ₹188. In the orthodox market, Kodanad topped at ₹241.
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