There was mixed demand this week at the Colombo tea auction with Low Grown/Large leaf teas down and strong demand for High and Mid Grown Small Leaf liquoring types. Total offerings for this week was 5.47 million kg, the Forbes and Walker Tea Brokers stated in their report this week.
There was no significant change in the overall quality of offerings though there was improved demand with prices often appreciating as the sale progressed this week.
High and Medium CTC teas continued to be buoyant, while the Low Grown varieties were barely steady and prices often fluctuated following quality, the brokers stated.
Low Growns totalled 2.7 million kg in the Leafy / Semi Leafy and Tippy catalogues. There was fair demand. In the Premium catalogue too better made teas were fully firm to dearer, while others were irregular where quality was not maintained, the report stated.
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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