Wednesday, August 20, 2008

Coonoor Tea Auction - Aug 20 , 2008

Coonoor: Producers who sold their teas via the 31 auctions conducted by Coonoor Tea Trade Association (CTTA) in the first half of this year got Rs 82.25 crore more than in the same period last year. An analysis of the market reports shows that this happened because a higher volume was sold for a higher price. Overall earnings Consequently, the overall earnings increased to Rs 174.19 crore (Rs 91.94 crore), marking an increase of 89.46 per cent. Prices of orthodox teas moved up by Rs 4 a kg to average at Rs 61.02. A volume of 2.04 million kgs was sold, against 1.76 million kgs last year. Prices of CTC teas increased by Rs 12 a kg to average Rs 57.44. A volume of 2.82 crore kgs (1.82 crore kgs) was sold.

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