The Colombo Tea auction saw offerings continuing to be on the high side with quantities above 6.5 million kg this week.
There was limited availability of good quality teas. The High and Mid Grown liquoring teas continued weak, whilst the large leaf teas in comparison continued to secure a fair premium.
The lower end of the market showed some improvement, Forbes and Walkers Tea Brokers stated.
There was less demand from shippers to the UK and the continent. Fair activity was observed from shippers to Japan, the CIS and the Middle Eastern sector, whilst there was selective buying from South Africa and perhaps China.
The current crop intake on most plantations has recorded a decline which is likely to show up in the auction availability in about two to three weeks.(SD)
You can share this post!
Content
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
Leave Comments