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)
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.
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