The turnover at Coonoor Tea Trade Association auctions has increased by 8.29 per cent till September over the same period last year, reveals an analysis of the market reports. This has happened because of 10-lakh kg increase in the volume sold and every kg fetching Rs 3 more on the average.
In all, 39 auctions had been held between January and September, when 3.96 crore kg had been sold against 3.86 crore kg in 2010. The average prices increased to ‘63.30 per kg from 59.97.' Consequently, the overall turnover increased to Rs 250.67 crore from Rs 231.48 crore. This increase of Rs 19.19 crore marked a growth of 8.29 per cent. Till May end, the turnover was Rs 2.30 crore less than last year, despite an increase in price, because of lower volume sold. For the first time this year, in June, both the volume sold and the prices fetched increased resulting in cumulative gain of Rs 8.26 crore in the first half over H1 of 2010.