The average value at the auctions of Coonoor Tea Trade Affiliation (CTTA) has risen as a great deal as 124.13 for each cent in the previous one particular calendar year.
At the most up-to-date sale 37, the average value rose to ₹192.35 a kg from ₹85.82 this time previous calendar year. This marked a whopping increase of ₹106.fifty three a kg or 124.13 for each cent.
Floods in some tea manufacturing States including Assam, West Bengal and Kerala have restricted the stream of leaves from the factories there to the current market. On the other hand, the easing of the lockdown has introduced traders again to organization in lots of States. Collectively, the upcountry consumers are sourcing far more teas from the South and have found that they get top quality teas from The Nilgiris at cost-effective value and these things have assisted selling prices at CTTA auctions to increase.