Sri Lanka tea prices perk up

ECONOMYNEXT – Sri Lankan tea prices perked up at the weekly Colombo auctions possibly in response to urgent orders for the winter, brokers said.

Prices of high grown teas rose sharply and low growns also did better at last week’s sale.

High grown teas from regional plantations companies had “excellent demand,” Forbes & Walker Tea Brokers said.

Teas from the western slopes of the central hills rose 20 rupees a kilo and some types as much as 40 rupees.

High priced teas from Uva region also rose by similar margins for some types.

“An encouraging sale for high and medium grown small leaf teas and perhaps a reaction to urgent shipping requirements,” the brokers said.

Low grown teas, which make up the bulk of the crop, met with “fair demand”, brokers Asia Siyaka Commodities said.
 (Colombo/December 14, 2015)

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