There was fair general demand at the Colombo Tea Auction this week with the total on offer similar to the previous week’s 5.4 million kg. Low Growns comprised 2.2 million kg.
Ex-Estate offerings were fairly similar to last and totaled 0.78 million kg. Overall the quantity showed a decline, particularly for the seasonal quality Westerns, brokers said.
Western BOP’s declined substantially whilst the corresponding BOPF’s too were mostly Rs.50-100 per kg easier. In the Below Best category, BOP/BOPFs declined Rs.20-40 per kg and more as the sale progressed and a similar trend continued for teas at the lower end of the market as well.
High and Medium Grown CTC teas – BP1’s had hardly any offerings, whilst the PF1’s which commenced firm to marginally easier declined further as the sale progressed with many invoices remaining unsold. (SD)
Former President Mahinda Rajapaksa is due to vacate his official residence at Wijerama Mawatha, Colombo this morning, a Sri Lanka Podujana Peramuna (SLPP) source said.
The Presidents’ Entitlements (Repeal) Bill was passed by a majority of 150 in parliament today. However the opposition MP’s were absent during the voting.
President Anura Kumara Dissanayake today warned that Ceylon Electricity Board Employees would have to make a choice in the next two months.
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