National tea sales average up YoY but dips MoM

Saturday, 7 December 2024 00:32 - - {{hitsCtrl.values.hits}}

The National Tea Sales average in November 2024 declined to Rs. 1,137.22 ($ 3.92) from Rs. 1,172.15 ($ 4.02) in the previous month.

In comparison to the November 2023 average of Rs. 1,116.65 ($ 3.42), the total average shows an increase of Rs. 20.57 YoY, whilst gaining 0.50 in dollar terms as well.

Forbes and Walker Tea Brokers said in dollar terms, the November 2024 average of dollar 3.92 records a decrease of $ 0.10 when compared to the October 2024 average of $ 4.02.

In terms of elevation-wise averages for November 2024 ─ High Grown average for the month recorded a decrease of Rs. 34.82 and a loss of $ 0.10 month-on-month (MoM), whilst registering an increase of Rs. 88.01 YoY and an increase of $ 0.68.

Medium Grown average for the month decreased by Rs. 27.61 and $ 0.08 MoM, whilst in comparison to the corresponding month last year shows an increase of Rs. 6.32 while gaining $ 0.40 YoY.

Low Grown average for the month recorded a gain of Rs. 41.60 and $ 0.12 MoM, whilst an increase of Rs. 0.79 and gaining $ 0.46 YoY.

Forbes and Walker Tea Brokers said all regions recorded positive variances during the period January-November 2024 in comparison to the corresponding period of 2023 in LKR and USD terms.

The cumulative variance in the first 11 months recorded a positive Rs. 58.06 and $ 0.50 against January-November 2023.