Tea sales averages soar to record level in April

Thursday, 4 May 2017 00:35 - - {{hitsCtrl.values.hits}}

Sri Lanka Tea Sale Averages for April 2017 have increased by Rs. 218.76 per kilo to Rs. 648.52($ 4.27) from a year earlier.

Ceylon Tea Brokers Plc said the total average for April 2017, which recorded Rs. 648.52, is the highest monthly average recorded. The previous highest recorded was Rs. 638.76 in March 2017.

“Medium Growns, which recorded Rs. 617.84, is the highest ever Medium Grown monthly average recorded. Low Growns, which recorded Rs. 663.07, is the highest Low Grown monthly average recorded,” it added.

“These elevation averages depict a significant gain in US dollar terms, compared to the corresponding period in 2016. January to April cumulative elevation averages when compared to the years 2016, 2015 and 2014 show an increase in the rupee as well as in the US dollar term,” Ceylon Tea Brokers Plc said.

It said High Growns for April recorded Rs. 629.87 as against Rs. 429.89 (+Rs.199.98) in 2016. Medium Growns recorded Rs. 617.84 vis-à-vis Rs. 399.17 (+Rs.218.67) in 2016. Low Growns recorded Rs. 663.07 vis-à-vis Rs. 437.20 (+Rs.225.87) in 2016.

The cumulative figure for January/April stood at Rs. 615.59 vis-à-vis Rs. 412.71 in 2016. High Growns recorded Rs. 621.70 as against Rs. 421.29 in 2016. Medium Growns recorded Rs. 574.88 vis-à-vis Rs. 382.57 in 2016. Low Growns recorded Rs. 623.48 vis-à-vis Rs. 416.78 in 2016.

The total CTC average for April 2017 recorded Rs. 610.30. CTC High Growns recorded Rs. 621.47. CTC Medium Growns were at Rs. 583.77 whilst CTC Low Growns recorded Rs. 620.50.