Sri Lanka national tea sale average up in Feb 2020; Highest since April 2018

tea

Mar 05, 2020 (LBO) – National average for the month of February 2020 totalled Rs. 601.91 vis-à-vis Rs. 588.85 of January 2020, showing an increase of Rs. 13.14 month on month. In comparison to February 2019 average of Rs. 581.96, shows an increase of Rs. 20.03 YOY.

When analysing the respective elevational averages for the month of February 2020 – High Growns totalling Rs. 571.58 for February 2020 have recorded an increase month on month of Rs. 35.71 vis-à-vis Rs. 535.86 of January 2020.

However, when compared to February 2019 average of Rs. 572.26, a marginal decrease of Rs. 00.68 is recorded YOY. Mediums averaging Rs. 538.12 for February 2020 have also recorded a significant increase of Rs. 43.05 vis-à-vis Rs. 494.62 of January 2020. When compared to February 2019 average of Rs. 509.00, shows an increase of Rs. 29.12.

Low Growns too totalling Rs. 629.29 for February 2020 have recorded a marginal increase of Rs. 00.55 vis-à-vis Rs. 628.74 of January 2020. Meanwhile, it shows a fairly significant increase of Rs. 24.00 YOY when compared to Rs. 605.29 of February 2019.

When analysing the January-February 2020 cumulative average of Rs. 594.81, an increase of Rs. 09.77 is recorded vis-à-vis Rs. 585.04 of January-February 2019.

High Growns for the period January-February 2020 of Rs. 552.30 have shown a  decrease of Rs. 22.71 vis-à-vis Rs. 575.01 of January-February 2019. Mediums  averaging Rs. 515.03 have shown a marginal increase of Rs. 03.73 vis-à-vis Rs. 511.30 of January-February 2019.

Meanwhile, Low Growns totalling Rs. 628.98 for January-February 2020 have shown a gain of Rs. 21.08 vis-à-vis Rs. 607.90 of January-February 2019.

As detailed on Page No. 9, the above averages do not show a significant variance when analysed in USD terms.