Auction average rises in June

The auction average for June 2017 totalled Rs. 597.61 vis-à-vis Rs. 433.23 of June 2016, showing a significant gain of Rs. 164.38, Forbes and Walker tea brokers said in its latest update. 

When analysing the respective elevational averages for June 2017, High Growns of Rs. 531.85 have shown a gain of Rs. 137.47 vis-à-vis Rs. 394.38 of January-June 2016. Mediums too averaging Rs. 542.09 show a gain of Rs. 146.99 vis-à-vis Rs. 395.10 of June 2016, the statement said. 

Meanwhile, Low Growns totalling Rs. 643.62 have shown a substantial gain of Rs. 183.85 vis-à-vis Rs. 459.77 of June 2016. It is also relevant to note that these averages show a growth in USD terms compared to the corresponding period of 2016. Another noteworthy feature is that these levels also show a gain in SLR/USD terms as against June 2015 prices. The January-June 2017 cumulative average for 2017 totalled Rs. 615.32 vis-a-vis Rs. 423.70 of January-June 2016, showing a gain of Rs. 191.62. Here again all elevations have shown growth in 2017 compared to the corresponding period of 2016.

 High Growns totalling Rs. 588.29 have shown a gain of Rs. 172.38 vis-à-vis Rs. 415.91 of January-June 2016. Mediums too totalling Rs. 572.73 show a gain of Rs. 181.67 vis-à-vis Rs. 391.06 of January-June 2016 whilst Low Growns totalling Rs. 636.48 show a gain of Rs. 202.05 vis-à-vis Rs. 434.43 of January-June 2017.

On a cumulative basis too January-June 2017 prices are higher in US dollar terms compared to January-June 2016 price levels. Similarly these levels show a growth in SRL/USD terms when compared to the 2015 levels too.