Home / Front Page/ National Tea Sales average static

National Tea Sales average static


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 6 December 2018 01:23

Facebook

National Tea Sales average for the month of November 2018 totalled Rs. 584.58 vis-à-vis Rs. 586.19 of October 2018, showing a marginal decrease of Rs. 01.61 month on month. However, in comparison to the November 2017 average of Rs. 626.85, it shows a decrease of Rs. 42.27, Forbes and Walker Tea Brokers revealed yesterday.

It said High Growns totalling Rs. 547.64, lowest since July this year, has recorded a sharp decrease of Rs. 64.40 vis-à-vis Rs. 612.04 of October 2018. When compared to November 2017 a substantial decrease of Rs. 96.42 is recorded YOY.

Mediums, averaging Rs. 516.22, has recorded a decrease of Rs. 24.02 vis-à-vis Rs. 540.24 recorded in October 2018. However against November 2017, which recorded Rs. 565.86, it shows a decrease of Rs. 49.64.

Meanwhile, Low Growns totalling Rs. 615.56 have recorded an increase of Rs. 24.57 vis-à-vis Rs. 590.99 of October 2018. When compared to Rs. 636.12 of October 2017, it shows a decrease only of Rs. 20.56 YOY. 

Forbes and Walker Tea Brokers also said the January-November 2018 cumulative average of Rs. 582.55 shows a YOY decrease of Rs. 35.41 recorded vis-à-vis Rs. 617.96 of January - November 2017.

High Growns for the period January-November 2018 with an average of Rs. 571.95 has shown a decrease of Rs. 26.65 vis-à-vis Rs. 598.60 of January-November 2017. Mediums, too, averaging Rs.563.87, has shown a decrease of Rs. 40.95 vis-à-vis Rs. 563.87 of January-November 2017. Meanwhile, Low Growns totalling Rs. 601.32 for January-November 2018 has shown a decline of Rs. 37.05 vis-à-vis Rs. 638.37 of January-November 2017.

"Both the month and cumulative averages continues to show a greater decrease in USD terms, compared to the corresponding periods of 2017, with the Sri Lankan Rupee depreciating sharply particularly in the months of September, October, and November ," Forbes and Walker added. 

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Industry 4.0, disruptive technology and MAS Matrix: An example for way forward in Sri Lanka

Monday, 16 September 2019

Technology has always been disruptive. When a new technology is introduced, it changes the way the humankind lives, behaves, earns, interacts and communicates. Some 10,000 years ago, when agriculture and animal breeding were domesticated through the


Radically reinvented reality: Relevance to Sri Lanka

Monday, 16 September 2019

I am delighted to be involved in the National HR Conference 2019, the largest HR event in South Asia. This time it is on the theme ‘Radically Reinvented Reality’. We need to take another look at the way we act institutionally and nationally, in u


Boeing in MAX-imum trouble

Monday, 16 September 2019

Boeing, America’s mighty aircraft manufacturer, is in deep trouble. The controversy surrounding the best-selling 737 MAX has refused to go away. The Federal Aviation Administration, the US aviation regulator, has spent over 110,000 hours addressing


Gotabaya Rajapaksa at Viyathmaga: Vision with an authoritarian zeal!

Monday, 16 September 2019

Gotabaya Rajapaksa has unveiled his national strategy or vision as a presidential candidate with an authoritarian zeal. This is clear from his Viyathmaga speech. He should be commended however for his fairly clear expression of views and objectives.


Columnists More