Colombo tea auction quantities dropped to 4.8 million kg from 5 million this week the lowest volume on offer since November 2024 with fair demand.
Ex-Estate offerings showed an increase and totalled 0.9 million kg but there was a general decline of the overall quality of teas from the Western slope with fewer seasonal teas.
Select high-priced Best Western BOP/BOPF’s of last week declined by Rs.100-200 per ke, while a selection of seasonal teas, particularly in the Below Best category, which maintained reasonable levels of quality, continued to sell well at firm to dearer rates appreciating up to Rs.100 per kg.
Low Growns comprised 1.9 million kg and met with fair demand.
Shippers to the UK and the Continent were fairly active on the seasonal teas. There appeared to be less activity from shippers to Japan and South Africa, whilst the Tea Bag sector remained fairly active. Shippers to the CIS and Middle East lent fair support. (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