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High demand for Sri Lanka tea

Dec 27, 2010 10:34:57 AM - itnnews.lk

The Plantations Company has said that there was a high demand for Sri Lankan tea at this month’s auction.

The total stock exchanged in the market was 6.1 million kilograms. There was a maximum price for the BOP variety. At the beginning it increased between 10 and 20 rupees, and according to the company, prices had now increased between 30 and 50 rupees. The prices of the CTC variety had increased between 10 and 20 rupees. There is a high price for Sri Lankan tea fetched from countries such as Russia, Turkey, Iran, UAE and Kuwait. While the demand for tea produced by low country plantation companies had soared, a high price also prevailed for middle, Western and Up-country tea.