Fair demand at Colombo Tea Auction

Business

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)

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