Tea prices in domestic auctions have dropped by 8.33 per cent in the first two months compared with the same period a year ago, reveals an analysis of the latest data available with Tea Board and the auction centres.
On an average, every kg sold at auction centres fetched ₹10 less.
Prices fell more sharply in south Indian auctions than in North.
In the North, prices averaged ₹116.88 a kg compared with ₹128.33 in January and February 2013. This reduction of ₹11.45 a kg marked a decline of 8.92 per cent. In the South Indian auctions, prices dropped to ₹92.34 a kg from ₹109.72. This reduction of ₹17.38 a kg marked a decline of 15.84 per cent.
Source: thehindubusinessline.com/markets/commodities/tea-prices-drop-833/article5859414.ece
