National tea sales average marginally dips in May

• Tea sales average for May recorded at US $ 3.71
• Low Growns witness highest ever average of US $ 4.22
• All elevations record gain for Jan.-May 2022 period

The national tea sales average for the month of May 2022 recorded Rs.1,324.95 (US $ 3.71), showing a marginal decline from the highest ever recorded average, which was in April 2022.

In comparison to the May 2021 average of Rs.609.52 (US $ 3.12), the total average shows a significant increase of Rs.715.43 year-on-year (YoY), whilst gaining 0.59 in US dollar terms as well.

“It would be noteworthy that in US dollar terms, May 2022 average of US $ 3.71 records a decrease of US $ 0.43 when compared to the April 2022 average of US $ 4.14,” a report by Forbes and Walker Tea Brokers said.
The analysis of the elevational averages for the month of May 2022 shows that the High Grown average for the month of May of Rs.1,053.07 (US $ 2.95) recorded a decrease of Rs.122.10 month-on-month (MoM) vis-à-vis Rs.1,175.17 (US $ 3.65) of April 2022. 

When compared to the May 2021 average of Rs.579.75 (US $ 2.96), a significant increase of Rs.473.32 is recorded YoY. However, in US dollar terms, it records a marginal decrease of US $ 0.01. 

The Medium Grown average, totalling Rs.1,099.02 (US $ 3.08) for the month of May 2022, recorded a decrease of Rs.24.32 MoM vis-à-vis the previous highest of Rs.1,123.34 (US $ 3.49) of April 2022. When compared with the May 2021 average of Rs.550.18 (US $ 2.81), it shows a significant increase of Rs.548.84 YoY and in US dollar terms, it records an increase of US $ 0.27.

Low Growns recorded the highest ever average of Rs.1,506.71 (US $ 4.22) in May 2022, surpassing the previous best of Rs.1,444.13 (US $ 4.49) recorded in April 2022. 

It records an increase of Rs.62.58 MoM and an astounding Rs.866.37 YoY, with a gain of 0.95 in US dollar terms.
All elevations record a gain during the period of January-May 2022 when compared with the corresponding period of 2021, both in Sri Lankan rupee and US dollar terms.