The Asia Siyaka weekly tea update for the week starting from May 23 to 28, shows a slight increase in private tea sales in the mentioned week compared to the same period last year.
The report shows that the weekly sale for 2016 as 65,799 kg as opposed to 52,111kg recoded in the same period in 2015. The amount of tea sold to date through private sales amounted to1,089,996 kg which is a slight increase from the 1,025,431 kg sold in 2015. However sales did not show the same progress in the public auction sales. The report shows last week’s sale as 6,697,227 kg as opposed to the 6,902,508 kg sold in the same period last year. The sales through public auctions to date was recorded as 116,637, 272 kg as opposed to the 127,286,156 kg sold in 2015. The tea prices of high and medium grown tea showed a significant increase during the aforementioned week with regard to tea auction prices. Last week’s prices for high grown tea was recorded close to Rs. 400 per kilo as opposed to Rs. 360 per kilo in 2015. Medium grown tea prices last week too has increased to Rs.410 as opposed to the Rs. 340 per kilo recorded for the same period last year.
It was mentioned in the report that 7.62 million Kilograms of tea were on offer last week at the Colombo tea auction. 3.38 million of Kilograms of the amount were recorded as low grown main grades and 2.65 million kilograms were of high and mid grown main.
www.dailynews.lk
The report shows that the weekly sale for 2016 as 65,799 kg as opposed to 52,111kg recoded in the same period in 2015. The amount of tea sold to date through private sales amounted to1,089,996 kg which is a slight increase from the 1,025,431 kg sold in 2015. However sales did not show the same progress in the public auction sales. The report shows last week’s sale as 6,697,227 kg as opposed to the 6,902,508 kg sold in the same period last year. The sales through public auctions to date was recorded as 116,637, 272 kg as opposed to the 127,286,156 kg sold in 2015. The tea prices of high and medium grown tea showed a significant increase during the aforementioned week with regard to tea auction prices. Last week’s prices for high grown tea was recorded close to Rs. 400 per kilo as opposed to Rs. 360 per kilo in 2015. Medium grown tea prices last week too has increased to Rs.410 as opposed to the Rs. 340 per kilo recorded for the same period last year.
It was mentioned in the report that 7.62 million Kilograms of tea were on offer last week at the Colombo tea auction. 3.38 million of Kilograms of the amount were recorded as low grown main grades and 2.65 million kilograms were of high and mid grown main.
www.dailynews.lk
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