"Need a secure and reliable way to access your bank account? Look no further than Keybank login."

Sri Lanka tea prices down in first nine months of 2019


Oct 03, 2019 (LBO) - All elevations show a negative variance January-September 2019 compared with January-September 2018 and high growns show the largest deficit of Rs. 63.37 YOY, a report shows.

National average for the month of September 2019 totalled Rs. 511.31 compared with Rs. 506.86 of August 2019 showing a marginal increase of Rs. 04.42 month on month, Forbes and Walker Tea Brokers said in their monthly report.

"In comparison to September 2018 average of Rs. 537.77, however, shows a decrease of Rs. 26.46."

When analysing the respective elevational averages for the month of September 2019 - high growns totalling Rs. 458.55 for September 2019 have recorded a marginal increase of Rs. 03.98 vis-à-vis Rs. 454.47 of August 2019.

When compared to September 2018, a significant decrease of Rs. 114.06 is recorded YOY, the report says.

Mediums averaging Rs. 436.55 for September 2019 have recorded an increase of Rs. 04.98 vis-à-vis Rs. 431.57 of August 2019.

However, against September 2018 average of Rs. 478.68, shows a sharp decrease of Rs. 42.13.

Meanwhile, Low Growns totalling Rs. 543.93 for September 2019 have recorded an marginal increase of Rs. 0.27 vis-à-vis Rs. 543.66 of August 2019.

It also shows an increase of Rs. 01.27 YOY when compared to Rs. 542.66 of September 2018.

When analysing the January-September 2019 cumulative average of Rs. 541.88, a decrease of Rs. 40.07 is recorded vis-à-vis Rs. 581.95 of January-September 2018.

High Growns for the period January-September 2019 of Rs. 506.82 have shown a decrease of Rs. 63.37 vis-à-vis Rs. 570.19 of January-September 2018.

Mediums too averaging Rs. 468.66 have shown a decrease of Rs. 42.13 vis-à-vis Rs. 521.62 of January-September 2018.

Meanwhile, low growns totalling Rs. 572.97 for January-September 2019 have shown a decline of Rs. 26.46 vis-à-vis Rs. 601.02 of January-September 2018.

Both, the month and cumulative averages, show a greater decrease in USD terms compared to the corresponding period of 2018 due to the devaluation of Sri Lankan Rupee YOY.

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x