Earnings from the Coonoor Tea Trade Affiliation (CTTA) auctions in the initial quarter (Q1) of present-day calendar have fallen by 28.seventeen per cent above the same interval previous yr.
This has happened mainly because sixteen lakh kg significantly less tea was marketed even with the charges falling by ₹17.94 a kg, reveals our evaluation of the Market Reports.
Until March, 12 auctions experienced been performed when, to avoid the piling of unsold tea, producers sacrificed charges. The regular cost dropped to ₹82.21 a kg from ₹100.15 for the duration of Jan-March 2019.
Nonetheless, the quantity marketed dropped to 1.12 crore