Tea sales average dips 16% in September

The tea sales average for the month of September has declined by 16.23% from Rs. 439.51 recorded in 2014 to Rs. 368.18.

According to Ceylon Tea Brokers PLC the cumulative figure for the first nine months (Jan-Sept) dropped by 14.24% to Rs.401.08 vis-à-vis Rs.467.68 in 2014. 

High growns for the month declined by Rs. 19.62 to Rs.379.81 compare to the sales average amount in 2014. The Medium Growns recorded Rs.334.37 vis-à-vis Rs.381.19 in 2014. 

According to the report, highest decline was recorded from the Low Growns to Rs.372.01 by Rs.88.57 compared to 2014 September.

The total CTC average in September has declined by 13.46% from Rs.417.63 in 2014 to Rs.361.39. 

Western High Grown recorded the highest average for the month at Rs.406.69 followed by CTC Low Grown with an average of Rs.405.79. CTC High Growns recorded the lowest average with Rs.309.03.

According to the Central Bank tea exports, which were severely affected by lower demand from Russia and the Middle East, declined in July 2015 for the 12th consecutive month, recording a drop of 14.0%, year-on-year, reflecting declines in both export volume and export prices.