National tea sales average up MoM, but dips YoY

Saturday, 23 March 2024 01:13 - - {{hitsCtrl.values.hits}}

The National Tea Sales average in February increased to Rs. 1,320.71 ($ 4.25) from Rs. 1,275.31

($ 3.99) in the previous month.

In comparison to the February 2023 average of

Rs. 1,438.20 ($ 3.96), the total average shows a drop of

Rs. 117.49 YoY, while gaining

$ 0.29 in dollar terms.

Forbes and Walker Tea Brokers said in terms of elevation-wise averages for February 2024; High Grown average for the month recorded an increase of Rs. 78.73 and a gain of $ 0.35 month-on-month (MoM), whilst a decrease of Rs. 233.59 YoY and a decrease of $ 0.10.

Medium Grown average for the month increased Rs. 70.45 and $ 0.32 MoM, whilst in comparison to the corresponding month last year shows a decrease of Rs. 100.53 and while gaining $ 0.26 YoY.

Low Grown average for the month recorded a gain of Rs. 17.79 and $ 0.18 MoM, whilst a decrease of Rs. 80.21 and gaining $ 0.44 YoY.

Forbes and Walker Tea Brokers said all elevations witnessed a decline during the first two months compared to the corresponding period of 2023 in rupee terms. However, when compared to the same period, in dollar terms, High Growns recorded a decline, whilst the Medium and Low Grown elevations registered a positive variance.