National Sales Average for tea peaks in Sept.

Thursday, 6 October 2022 02:03 - - {{hitsCtrl.values.hits}}

The National Tea Sales average for September 2022 recorded Rs. 1,599.49 ($ 4.46), thus establishing the highest ever recorded average for a calendar month surpassing the previous best of Rs. 1,508.21 ($ 4.21) recorded in the month of August 2022.

In comparison to the September 2021 average of Rs. 587.66 ($ 2.96), the total average shows a significant increase of Rs. 1,011.83 YOY, whilst gaining 1.50 in $ terms as well, Forbes and Walker Tea Brokers said.

It said that in dollar terms, September 2022 average of $ 4.46 records an increase of $ 0.25 when compared to August 2022 average of $ 4.21.

When analysing the respective elevational averages for the month of September 2022 – Highest ever High Grown average for the month of Rs. 1,448.14 ($ 4.03) recorded an increase of Rs. 59.88 month on month vis-à-vis Rs. 1,388.26 ($ 3.88) of August 2022. When compared to September 2021 average of Rs. 557.38 ($ 2.81), a significant increase of Rs. 890.76 is recorded YOY, whilst in dollar terms records an increase of $ 1.22.

Highest ever Medium Grown average for a calendar month totalling Rs. 1,336.96 ($ 3.72) for September 2022 recorded an increase of Rs. 100.82 month on month vis-à-vis Rs. 1,236.14 ($ 3.46) of August 2022. When compared to the September 2021 average of Rs. 504.63 ($ 2.66), shows a significant increase of Rs. 832.33 YOY, whilst in $ terms records an increase of $ 1.06.

Low Growns too recorded the highest ever average of Rs. 1,706.02 ($ 4.75) in September 2022 surpassing the previous best of Rs. 1,616.24 ($ 4.52) recorded in August 2022. It records an increase of Rs. 89.78 month on month and a significant Rs. 1,084.85 YOY respectively, with a gain of 1.62 in dollar terms.All elevations record significant gains during the period of January-September 2022 when compared to the corresponding period of 2021, both in rupee and dollar terms.