Tea selling prices at a variety of auction centres in the country in the first quarter (Q1) of the present-day calendar fell by ten.seventy nine for each cent more than the exact period of 2019.
In accordance to the most recent information readily available with the Tea Board, the normal price at the auctions in the first quarter dropped to ₹ one hundred ten.01 a kg from ₹ 123.31 throughout Q1 of 2019.
This drop of ₹ 13.thirty a kg, marked a decrease of ten.seventy nine for each cent. The selling prices dropped in both of those North and South Indian auctions.
In the North, the normal price fell to ₹114.19 a kg from ₹ 127.99 throughout January-March 2019.
Due to prolonged winter season circumstances, until March, auctions had been restricted in the North but by mid-March, the lockdown disrupted auctions.
The lockdown impacted the carry out of auctions in the South from all over March 20. In the South, the normal price crashed to ₹94.thirty a kg from ₹111.22 throughout Q1 of 2019.
June 18, 2020
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