Coonoor tea auction turnover rises

The cumulative turnover of Coonoor Tea Trade Association auctions in the first ten months of current calendar has risen by 23.19 per cent over the corresponding period of 2012. In all, 43 auctions were held till October-end when 4.81 crore kg was sold against 4.53 crore kg in 2012. Consequently, between January and October, the cumulative turnover increased to Rs 447.09 crore from Rs 362.94 crore – up by Rs 84.15 crore or 23.19 per cent. The increase in cumulative turnover had risen from Rs 25.28 crore (85.12%) in January to Rs 46.01 crore (82.96%) in February, Rs 57.93 crore (66.64%) in March, Rs 65.20 crore (57.69%) in April, Rs 79.87 crore (53.39%) in May and Rs 88.02 crore (45.67%) in June before registering Rs 85.75 crore (35.16%) in July, Rs 84.98 crore (29.06%) in August, Rs 84.11 crore (25.68%) in September and now, Rs 84.15 crore (23.19%).