The
turnover of Coonoor Tea Trade Association in the first
four months of this year has increased by 15.94 per
cent over the same period of last year, according to
an analysis of the market reports. This has happened
because more volume was sold at a higher price.
In all, 17 auctions had been conducted
in January, February, March and April. A total volume
of 1.56 crore kg had been sold against 1.38 crore kg
in the same months of last year. The average prices
increased to Rs 72.45 a kg against Rs 70.64 last year.
Consequently, the overall turnover increased to Rs 113.02
crore from Rs 97.48 crore, an increase of 15.94 per
cent.
The increased turnover laid spread
among growers, factory owners, dealers, buyers, warehouse
keepers and workers. There has been a consistent increase
in turnover in all the months so far this year. The
increase in turnover, which was Rs 67 lakh (2.39 per
cent) in January over the same month of 2011, rose to
Rs 4.70 crore (9.26 per cent) in February and Rs 10.31
crore (13.46 per cent) in March before peaking to Rs
15.54 crore (15.94 per cent) in April.