There was 4.55 million kg of tea on offer this week at the Colombo Tea auction with 2.17 million kg from the Low Grown Main Grades and 1.54 million kg from the high and Mid Grown Main Grades.
The Leafy Grade catalogues met with fair demand while the Semi Leafy, Small Leaft and Premium catalogues met with lower demand. Shippers to Iran and Turkey were very selective while shippers to Russia were fairly active. In the Leafy and Semi Leafy catalogues well-made OP1/BOP1s maintained, while bolder varieties together with poorer sorts were easier. Pekoe / Pekoe1s commenced firm, however, declined substantially towards the close of the sale, while the number of invoices remained unsold due to lack of suitable bids. (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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