Colombo Tea auction quantities surges to 5.95 m kg

Business

There was relatively higher auction volumes totalling 5.95 million kg at the Colombo tea auction on account of the intervening holidays and the one – day restricted sale last week.

Overall the quality of teas showed no significant change. But there was better demand for Low Grown / Large Leaf teas, in general.

Activity was less for High Grown teas and a slightly lower trend except for the best available teas.

Volatility in the currency perhaps remains a concern. (SD)

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