Auction volumes declined this week at the Colombo tea auction to 5 million kg but there was good general demand.
Select BOP/BOPF invoices appreciated by Rs.100 per kg plus for a useful selection of seasonal Westerns which were on offer.
The all-time record price of Rs.3050 per kg for a Western High Grown BOP was established by Somerset Estate.
The BOPF grade continued to secure a premium of Rs.200 per kg and above in most instances vis-à-vis the BOP grade.
Improved activity was seen from shippers to Iran that helped to stabilise Low Grown prices. (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.
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