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)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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