Commodities

Tea auction earnings up 33 per cent in Feb

PS Sundar Coonoor | Updated on March 15, 2019 Published on March 15, 2019

The rising trend seen in January in the earnings at Coonoor Tea Trade Association (CTTA) auctions continued in February.

The average price at CTTA auctions rose to ₹99.63 a kg from ₹91.57 in the first two months of 2018.

The volume too increased to 9.50 mkg from 7.78 mkg.

With more tea being sold at higher price, the overall earnings increased to ₹94.64 crore from ₹71.24 crore. This increase of ₹ 23.40 crore marked a gain of 32.85 per cent.

In all, eight auctions had been conducted till February when the earnings posted an increase of 32.85 per cent over January-February 2018, reveals an analysis of the Market Reports.

Published on March 15, 2019
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