The overall Colombo tea auction quantities declined to 5.3 million kg from 5.8 million kg on offer the previous week. The bearish market sentiment continued for most teas on offer, perhaps a combination of the volatility in the currency and West Asian markets.
There was less demand and a lower trend in prices. The volatility in the currency and the West Asian markets continue to weigh on prices.
Liquoring teas from the Western slopes – of the selected lots appreciated, whilst the majority encountered a lower trend.
There had been strong demand at the lower end of the market for BOPF’s. Less demand and lower prices was observed for poorer CTC teas. Low grown CTC price dip substantially.
There has been much less activity from shippers to the UK, the continent and South Africa. Usual buying preference was evident from shippers to Japan and China, whilst shippers to the CIS continued to participate on wider cross-section of the teas. (SD)
Sri Lanka’s apparel industry has expressed concern over the Reciprocal Tariff policy announced by the U.S government today saying the new tariffs could significantly disrupt the country’s largest export sector and put thousands of jobs at risk.
The Police Bureau for the Prevention of Abuse of Children and Women had arrested a suspect who had allegedly distributed child related pornographic images and videos via social media platforms.
Leave Comments