Wednesday Jan 08, 2025
Wednesday Jan 08, 2025
Tuesday, 7 January 2025 03:06 - - {{hitsCtrl.values.hits}}
The National Tea Sales Average (NSA) for tea in 2024 increased across all elevations in comparison to last year, with positive variances in both Rupee and Dollar terms.
Forbes and Walker Tea Brokers said the NSA for the year closed at Rs. 1,225.17 equivalent to $ 4.08, marking gains of Rs. 53.88 and $ 0.49 compared to last year’s average of Rs. 1,171.29 and $ 3.59.
December 2024 capped the year with a monthly average of Rs. 1,184.82 ($ 4.08), an increase of Rs. 47.60 ($ 0.17) from November. However, this marked a slight decrease of Rs. 1.59 year-on-year (YoY) compared to December 2023, despite a significant rise of $ 0.43 in Dollar terms over the same period. This highlights the impact of currency fluctuations and potential market dynamics influencing year-end performance.
NSA for...
In Dollar terms, the year-end overall average figure stood at $ 4.08 whilst showing an increase across the board, sustaining demand in international markets. It was also complemented by the highest contribution from Low Grown teas at $ 4.34, while High Grown and Medium Grown teas also showed positive trajectories.
Forbes and Walker Tea Brokers said the data for January to December 2024 points to consistent growth across all tea elevations. High Grown teas averaged Rs. 1,141.63 ($ 3.80), up Rs. 69.15 and $ 0.52 YoY. Medium Grown teas closed at Rs. 1,064.48 ($ 3.55), reflecting an increase of Rs. 52.13 and $ 0.45 YoY. Low Grown teas, which are typically the most lucrative segment, registered Rs. 1,304.38 ($ 4.34), an elevation of Rs. 52.23 and $ 0.51 YoY.
It also noted that the December 2024 monthly average reveals a distinct narrative for each elevation. High Grown teas showed a month-on-month increase of Rs. 35.27, ending at Rs. 1,128.16, whilst Medium Grown teas at Rs. 1,037.77 posted an increase of Rs. 47.52 compared to November. Low Grown teas led the sector with Rs. 1,253.76, recording Rs. 62.03 compared to the previous month, though falling short of December 2023 by Rs. 24.32.
