ECONOMYNEXT – Sri Lanka’s mid-grown teas rose an average 13.7 percent to 1,436 rupees a kilogram at the August 24 auction while high grown slipped 1.2 percent to 1,436 rupees industry data showed.
Low growns also gained 0.2 percent to 1654.03, data released by Ceylon Tea Brokers showed.
Low-grown teas, grown mainly by smallholders and exported to the Middle East and Central Asia, are now the most sought-after and expensive Ceylon Teas.
Low-grown CTC prices have slipped this week to 1,379.21 per kilogram this week from 1,567.04 per kilogram last week.
Orthodox teas have marginally moved up to 1,670.28 per kilogram from 1,657.57 per kilogram.
CTC medium grown category fell to 1,092.60 rupees per kilogram from 1,143.07 rupees per kilogram.
Western medium down 22.95 rupees to 1,193.69 this week.
Uva teas fell 53.01 rupees to 1,335.84 rupees per kilogram.
CTC high grown fell 219.57 rupees per kilogram to 1,361.44 rupees a kilogram.
Western High fell 2.76 rupees to 1,512.95 rupees per kilogram.
While Uva fell 7.17 rupees to 1,324.96 rupees per kilogram.
Sri Lankan tea has been earning higher prices for tea exports in rupees after the currency was depreciated in March against the USA dollar in 2022.
This week 4.7 million kilograms were offered for sale.
Next week 4.4 million kilograms will be offered
In all growing regions in the coming week showers and thunder are expected with with occasional bright weather.
From August begins Sri Lanka’s second monsoon cycle.