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Sri Lanka tea prices hit lowest levels since March 2012

tea

Oct 08, 2015 (LBO) - Sri Lankan tea prices have come down to it's lowest levels since March 2012 with low grown varieties the worst affected, latest data shows.
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The Colombo tea auction monthly average price for September 2015 was down 71.33 rupees to 368.18 rupees a kilo from 439.51 rupees in 2014, Forbes and Walker Tea Brokers said in a report. “Low growns shown a significant decrease of 88.
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57 rupees compared to 460.58 rupees of September 2014,” the report said.
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"The High growns average price of 379.81 rupees a kilo for September 2015 was 19.
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62 rupees down from  September 2014 and the Mediums at 334.
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37 rupees, had fallen 46.82 rupees from a year ago." Meanwhile the averages also show a decrease even in US dollar terms compared to the corresponding period of September 2014. The Brokers said, the January- September cumulative average price for 2015 of 401.


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08 rupees a kilo was 66.60 rupees lower than in the same 2014 period.
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“Here again these averages show a decrease in US dollar terms compared to 2014.
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It is also relevant to note that 2015 prices are lower to 2013 levels in Sri Lanka rupee and US dollar terms.”
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