Tea sales averages reach record high in March

Friday, 7 April 2017 00:00 - - {{hitsCtrl.values.hits}}

Sri Lanka tea sale averages for March recorded Rs. 638.76 ($ 4.22) vis-à-vis Rs. 412.02 ($ 2.86) (+Rs. 226.74) in 2016.

“The total average for March 2017, which recorded Rs. 638.76, is the highest monthly average recorded. The previous highest recorded was Rs. 596.85 in February 2017,” Ceylon Tea Brokers Plc said.

High Growns, which recorded Rs. 634.84, produced the highest monthly average ever recorded.

Medium Growns, which recorded Rs. 602.40, was the highest medium grown monthly average ever recorded. Low Growns, which recorded Rs. 648.50, is the highest low grown monthly average recorded.

“These elevation averages depict a significant gain in US dollar terms, compared to the corresponding period of 2016. January-March cumulative elevation averages when compared to 2016, 2015 and 2014 show an increase in rupees as well as in US dollar terms,” added Ceylon Tea Brokers.

High Growns for March recorded Rs. 634.84 against Rs. 422.62 (+Rs. 212.22) in 2016. Medium Growns recorded Rs. 602.40 vis-à-vis Rs. 383.23 (+Rs.219.17) in 2016. Low Growns recorded Rs. 648.50 vis-à-vis Rs. 415.04 (+Rs. 233.46) in 2016.

The cumulative figure for January/March stood at Rs. 608.03 vis-à-vis Rs. 409.21 in 2016. High Growns recorded Rs. 619.62 as against Rs. 419.45 in 2016. Medium Growns recorded Rs. 564.28 vis-à-vis Rs. 378.98 in 2016. Low Growns recorded Rs. 614.82 vis-à-vis Rs. 412.71 in 2016.

The total CTC average for March 2017 recorded Rs. 600.30. CTC High Growns recorded Rs. 623.82. CTC Medium Growns were at Rs. 579.30 whilst CTC Low Growns recorded Rs. 605.29.