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May 11, Colombo: Sri Lanka's tea sales for the month of April 2019 have showed a decrease when compared with the same period last year, according to a tea brokers' report.
National average for the month of April 2019 totaled Rs. 578.23 vis-à-vis Rs. 585.92 of March 2019 showing a marginal decrease of Rs. 07.69 month on month, Forbes & Walker Tea Brokers said in their latest report.
However, in comparison to the corresponding month of April 2018 average of Rs. 606.75, shows a greater decrease of Rs. 28.52.
When analyzing the respective elevational averages for the month of April 2019; High Growns totaling Rs. 540.97 for April 2019 have recorded a decrease of Rs. 30.09 vis-à-vis Rs. 571.06 of March 2019. When compared to April 2018, a decrease of Rs. 21.48 is recorded YOY.
Mediums averaging Rs. 508.14 for April 2019 have recorded a marginal decrease of Rs. 02.02 vis-à-vis Rs. 510.16 of March 2019. However, against April 2018 which recorded Rs. 553.55 shows a sharp decrease of Rs. 45.41.
Meanwhile, Low Growns totaling Rs. 608.07 for April 2019 have recorded a decrease of Rs. 03.01 vis-à-vis Rs. 611.08 of March 2019. When compared to Rs. 634.25 of April 2018, shows a decrease of Rs. 26.18 YOY.
When analyzing the January-April 2019 cumulative average of Rs. 583.55, a decrease of Rs. 41.83 is recorded vis-à-vis Rs. 625.38 of January-April 2018.
High Growns for the period January-April 2019 of Rs. 565.69 have shown a decrease of Rs. 48.63 vis-à-vis Rs. 614.32 of January-April 2018. Mediums too averaging Rs. 510.26 have shown a decrease of Rs. 58.19 vis-à-vis Rs. 568.45 of January-April 2018. Meanwhile, Low Growns totaling Rs. 608.65 for January-April 2019 have shown a decline of Rs. 33.45 vis-à-vis Rs. 642.10 of January-April 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.
Source: http://www.colombopage.com/archive_19A/May11_1557553059CH.php
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