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31 October, 2013 06:44 AM Source: Financial Times - Sri Lanka
Tea Pluckers in Sri Lanka.jpg

This week’s tea auction produced over 20 all-time high prices or equalled best levels in a trend reflecting improved demand for the country’s black gold.

Buyers paid premium prices for both high and low grown teas.

This week’s auction offerings declined to 6.3M/kgs from 6.8M/kgs in the previous week. There was good demand.

Commenting on the auctions, Forbes and Walker Tea Brokers said ex-estate offerings declined to 1M/kgs this week from 1.1M/kgs in the previous week.

Best Western BOPs were irregular following quality whilst the corresponding BOPFs declined up to Rs. 20 per kg. In the below best category brighter BOPs sold at firm to dearer rates, whilst the corresponding BOPFs sold around last levels. Plainer sorts declined Rs. 10-20 per kg. Nuwara Eliyas were irregularly firm. Uva/Udapussellawa BOPs declined Rs. 10-20 per kg and more for last week’s high priced Uvas, whist the corresponding BOPFs were firm and Rs. 10-20 per kg lower.

The majority of High Grown CTC teas were irregular following quality, whilst the Low Growns continued to sell well, particularly the best on offer. Liquoring leafy teas met with improved demand and appreciated in value following quality. More...

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