Poor crop boosts year on year NSA in Sept. by Rs. 108 per kilo

Friday, 16 October 2020 03:49 - - {{hitsCtrl.values.hits}}

Forbes and Walker Tea Brokers said National average for the month of September 2020 totalled Rs. 619.33 ($3.38) vis-à-vis Rs. 618.32 of August 2020, showing a marginal increase of Rs. 01.01 month on month.

However, in comparison to the September 2019 average of Rs. 511.31 (USD 2.84), shows a significant increase of Rs. 108.02 ($ 0.48) YOY. This was due to the sharp decline in the tea crop.

In terms of respective elevational averages for September 2020 – High Growns, totalling Rs. 555.98 ($ 3.03) has recorded a decrease of Rs. 16.40 month on month vis-à-vis Rs. 572.38 of August 2020. When compared to September 2019 average of Rs. 458.55 ($ 2.55), a fairly significant increase of Rs. 97.43 is recorded YOY.

Mediums, averaging Rs. 538.04 ($ 2.93) for September 2020, have recorded a decrease of Rs. 25.74 vis-à-vis Rs. 563.78 of August 2020. When compared to September 2019 average of Rs. 436.55 ($ 2.42), shows a substantial increase of Rs. 101.49 YOY.

Low Growns, totalling Rs. 661.61 ($ 3.61) for September 2020, recorded a marginal decrease of Rs. 03.26 vis-à-vis Rs. 664.87 of August 2020.

Forbes said the average shows a significant increase of Rs. 117.68 YOY when compared to Rs. 543.93 ($ 3.02) of September 2019.

During January-September 2020 cumulative national average of Rs. 623.49 ($ 3.39), an increase of Rs. 81.61 ($ 0.34) is recorded vis-à-vis Rs. 541.88 ($ 3.06) of January-September 2019.

High Growns for the period January-September 2020 of Rs. 565.11 ($ 3.08) have shown an increase of Rs. 58.29 vis-à-vis Rs. 506.82 ($ 2.86) of January-September 2019. Mediums averaging Rs. 546.91 ($ 2.98) have shown an increase of Rs. 78.25 vis-à-vis Rs. 468.66 ($ 2.64) of January-September 2019. Meanwhile, Low Growns totalling Rs. 665.81 ($ 3.63) for January-September 2020 have shown the highest increase of Rs. 92.84 vis-à-vis Rs. 572.97 ($ 3.23) of January-September 2019.

Mixed bag for tea exports in September

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