However, industry stakeholders say the price increase is insufficient to offset the higher costs and crop losses.
Data from the Calcutta Tea Traders Association (CTTA) indicates that the average price realised for crush-tear-curl (CTC) leaf at Kolkata auctions held on Wednesday and Thursday was ₹304.69 per kilogram (kg), compared to ₹236.9 per kg the previous year.
The average price for CTC dust was 304.69 per kg, up from ₹246.95 per kg; orthodox leaf averaged ₹312.15 per kg, compared to ₹230.11 per kg; and Darjeeling leaf was ₹318.8 per kg, compared to ₹310.29 per kg.
Except for Darjeeling, other categories have been on an upward trend since mid-May at Kolkata auctions, according to CTTA data.
J Kalyana Sundaram, secretary of CTTA, noted that the last time the average price for CTC leaf reached this level was from June to September 2020.
"Orthodox leaf prices were higher in 2022." CTTA organises the Kolkata auctions.
Adverse weather
Climate change has been affecting the industry for several years. This season began with a long, dry spell, followed by excessive rain.
This story is from the June 22, 2024 edition of Business Standard.
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This story is from the June 22, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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