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Sri Lanka tea prices which hit a record national average of 725 rupees in February, but has is seeing pressure after Russia invaded Ukraine, despite lower volumes offered, auction results show.
Sri Lanka tea prices which hit a record national average of 725 rupees in February, but has is seeing pressure after Russia invaded Ukraine, despite lower volumes offered, auction results show.
Sunday July 18, 2021 7:46 am Sunday July 18, 2021 7:46 am ECONOMYNEXT- Sri Lanka tea prices fell in the second week of July with higher availability below best teas, while low growns continued to lead prices, brokers said. Sri Lanka sold 7.1 million kilograms of tea in the auction of July 13 and 14, made up of 1.0 million kilograms in Ex-Estate teas (mainly high grown teas sold while in the factory itself to retain quality) and 3.0 million kilograms in Low Grown (Leafy/Tippy) teas. Sri Lanka also sold 7.1million kilograms of tea in the auction held in the previous week. Low Growns Last wee...
Tea industry’s performance in 2020 and prospects for 2021 January, 7, 2021 Overview 2020 will no doubt go down in history as one of the most challenging years with the Covid-19 pandemic changing the world in many ways. The Sri Lankan tea industry was no exception as its world-famous outcry system of auctioning tea having a 137-year-old history was changed to a digital system virtually overnight. Once again, the tea industry showed its resilience by rising to the occasion in digitalising the auction in a very short period of time, which facilitated the uninterrupted sale of tea. This initiat...