International Tea Commodities Update

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Among the various centers in the country, price rise in tea auction in Calcutta  was the highest during the period 2004 to 2011, according to the data compiled by  the Indian Tea Association.

While the average price in the city auction center was $1.77 (€1.35, £1.11) per kg in 2004, this had gone up to $2.78 (€2.11, £1.74) per kg in 2011, it said. This was followed by Guwahati where prices increased from $1.52 (€1.16, £0.95) per kg to $2.33 (€1.77, £1.46) per kg. Among the international auction centers, price rise in Colombo auction center was the highest.

In 2004, the auction price was $1.78 (€1.35, £1.12) per kg which went up to $3.26 (€2.48, £2.05) per kg. The Mombasa auction center in Kenya was second where the price rise was $1.61 (€1.22, £1.01) in 2004 to $2.98 (€2.27, £1.87) in 2011. The North Indian variety fetched a better auction price compared to South India.

The average auction price of north Indian tea increased from $1.58 (€1.20, £0.99) per kg in 2004 to $2.50 (€1.90, £1.57) in 2011, while that for the south Indian variety was $1.06 (€0.81, £0.66) per kg to $1.50 (€1.14, £0.94) per kg.

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