Prices for tea drop in February

Wednesday, 5 March 2025 00:28 - - {{hitsCtrl.values.hits}}

The National Tea Sales Average for February recorded Rs. 1,168.93 ($ 3.96), showing a decline of Rs. 16.50 and $ 0.07 in comparison with the January, Forbes and Walker Tea Brokers said.

In comparison to the February 2024 average of Rs. 1,320.71 ($ 4.25), shows a marginal decline of Rs. 151.78 and $ 0.29 YOY.

Total National Sale Average for the year 2025 (to-date) was recorded at an average of Rs. 1,77.35 ($ 4.00), a decline of Rs. 116.43 ($ 0.11) against the corresponding year’s average of Rs. 1,293.78 ($ 4.11).

All elevations except for the High Grown elevation recorded a decline against vis-à-vis the previous month. Against the corresponding month in the year 2024, all elevations witness a negative variance.

The High Grown elevation recorded a negative variance in LKR terms, whilst recording a gain in USD terms YoY. The Mid Grown and Low Grown elevations witness negative variance both LKR and USD terms YoY.

Tea exports in 2024 rose by 9.6% to $ 1.43 billion.