Coonoor tea turnover rises Rs 17 cr
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Coonoor: Producers who sold their teas through the 22 auctions conducted by the Coonoor Tea Trade Association (CTTA) in the five months of 2009 have earned Rs 17.03 crore more than in the same months of 2008.
An analysis of market reports shows that this was due to increased price fetched per kg despite a lower volume being sold.
The volume sold dropped to 1.58 crore kg between January and May from 1.89 crore kg in 2008. Because of lower supplies, average price increased to Rs 76.19 a kg from Rs 54.68.
16.48% growth
This resulted in an overall realisation of Rs 120.38 crore against Rs 103.35 crore in 2008.
This increase of Rs 17.03 crore marked a growth of 16.48 per cent.
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In the case of CTC teas, which accounted for the bulk of the trade, the volume sold fell to 1.46 crore kg from 1.76 crore kg. But, every kg fetched Rs 21 more to average Rs 75.46.
The volume of orthodox teas sold dropped to 1.17 million kg from 1.35 million kg.
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