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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Colombo tea auction’s averages in Sept. highest ever

Colombo tea auction’s averages in Sept. highest ever

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sikka89


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Total auction average for September 2013 totalled 475.83, showing a gain of Rs. 56.05 vis-à-vis 419.78 of 2012, Forbes and Walker Tea Brokers said.
“It is also noteworthy that this is the highest monthly auction average recorded, surpassing the previous best of Rs. 444.07 achieved in August 2013,” the broking firm added.
Even in USD terms a growth is evident YOY. The September 2013 average of US$ 3.60 show a growth of US$ 0.40 vis-à-vis US$ 3.20 of 2012,” Forbes added.
It also said another noteworthy feature is the total low grown monthly average of Rs. 494.96 which is also the highest on record. Furthermore, September low grown average of 494.96 shows a growth of Rs. 64.40 vis-à-vis 430.56 of 2012. Here again even in USD terms a growth is shown vis-à-vis 2012.

September low grown average of US$ 3.75 shows a growth of US$ 0.47 vis-à-vis 3.28 of 2012.
Another relevant feature in September is the low grown auction average for sale no. 38 of 25/26 September 2013 which surpassed the Rs. 500 mark for the first time in history by realising Rs. 506.66 for the week.
Similarly high growns totalling 451.43 for September show a growth of 33.48 vis-à-vis 417.95 of 2012. Here again in USD terms, the September average of US$ 3.42 shows a gain of US$ 0.24 vis-à-vis US$ 3.18 of 2012.
Mediums totalling 423.58 for September 2013 show a gain of Rs. 47.57 vis-à-vis 376.01 of 2012. In USD terms September 2013 medium grown average of US$ 3.21 shows a gain of US$ 0.34 vis-à-vis US$ 2.87 of 2012.

http://www.ft.lk/2013/10/03/colombo-tea-auctions-averages-in-sept-highest-ever/

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