Commodities

Tea prices up 2%

PS Sundar Coonoor | Updated on December 24, 2019 Published on December 24, 2019

Prices of tea in the Indian auctions have risen on an average by 2.31 per cent till November-end, compared with January-November 2018.

According to the latest data available with the Tea Board, till November-end, prices rose to ₹141.17 a kg from ₹137.98 in January-November 2018. This increase of ₹3.19 a kg marked a gain of 2.31 per cent.

The increase was more in North Indian auctions. Here, average price rose to ₹153.36 a kg (₹149.87 a kg). This increase of ₹3.49 a kg marked a gain of 2.33 per cent.

In the South, the average prices increased to ₹101.04 a kg (₹100.68 a kg), up just 0.36 per cent.

With the official data awaited for December, traders now reckon that the average price in calendar 2019 would be around ₹3 a kg more than in 2018.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on December 24, 2019
This article is closed for comments.
Please Email the Editor