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Auction average for the month of November totalled Rs.581.33 vis-à-vis Rs.412.51 of November 2015 showing a substantial gain of Rs.168.82 - the highest ever for a calendar month, bettering the previous best achieved in October.
Forbes and Walker Tea Brokers said November marked the third consecutive month that tea prices have reached record levels.
“All three elevations too have recorded the highest average for a calendar month,” it added.
High Growns averaging Rs. 556.24 for November 2016 show a gain of Rs. 154.52 vis-à-vis Rs. 401.72 of November 2015. Mediums too, averaging Rs. 506.22, show a gain of Rs. 140.92 vis-à-vis Rs. 365.30 of November 2015.
Similarly, Low Growns totalling Rs. 603.29 have shown a significant gain of Rs. 176.46 vis-à-vis Rs. 426.83 of November 2015. These price levels are higher even in USD terms, when compared to the corresponding month of 2015.
The January to November 2016 cumulative auction average totalled Rs. 461.99 vis-à-vis the Rs. 401.05 of January to November 2015, showing a gain of Rs. 60.94. High Growns totalling Rs. 442.71 have recorded a gain of Rs. 55.82 vis-à-vis Rs. 386.89 of January to November 2015. Medium Growns totalling Rs. 414.13 show a gain of Rs. 52.27 vis-à-vis Rs. 361.86 of January to November 2015 while Low Growns totalling Rs. 480.13 have shown a gain of Rs. 64.82 vis-à-vis the Rs. 415.31 of January to November 2015.
“These averages show a growth in USD terms, although not as significant as the gain achieved from the month,” Forbes and Walker Tea Brokers said.
