Tea prices show signs of stabilisation

Tea prices are stabilising during the last two auction sessions and there are signs of demand picking up, said M. Balaji, Executive Director of Tea Board of India, south zonal office. The average tea

Tea prices are stabilising during the last two auction sessions and there are signs of demand picking up, said M. Balaji, Executive Director of Tea Board of India, south zonal office. The average tea price realised was ₹85 to ₹90 a kg at the auctions and these prices were better than the prices realised in 2019. Last year, the demand was good, both in international and domestic markets and hence the prices were higher, he said. Ramesh Bhojarajan, former president of the Nilgiris Bought Leaf Tea Manufacturers’ Association, said that in May tea was sold at the auctions at ₹ 110 to ₹ 120 a kg. The prices for lower grade tea had fallen to ₹ 80 to ₹ 85 a kg now. In June first week, the prices dropped by ₹ 10 to ₹ 15 a kg. The drop was not so high now.