Sri Lanka’s Ceylon High Grown tea prices were down 30-100 rupees per kilogram at an auction on June 21, as the rupee weakened against the US dollar, data showed.
Sri Lanka’s High and Low Grown teas gained at the auction held on January 11 while some Mid Growns fell with lower volumes coming up for auction, brokers said.
Sri Lanka tea production up 5 8-pct in May 2021 economynext.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economynext.com Daily Mail and Mail on Sunday newspapers.
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 initiative was spearheaded by the Colombo Tea Traders’ Association (CTTA) and supported by the Colombo Brokers’ Association (CBA) and its technical partner CICRA Holdings.