Lanka tea prices fall at weekly auction

COLOMBO: Sri Lanka’s Ceylon tea prices were down 50-100 rupees per kilogram at an auction on April 26, amidst good demand, data showed.

Total auction volume was 5.4 million kilograms and there was good general demand, Forbes and Walker tea brokers said in a report.

“Auction offerings increased marginally and totalled 5.4 M/Kgs. There was fair demand mostly at firm to easier rates. Unsold volumes recorded an increase and perhaps totalled around a 22%”

The weekly sale average fell by 6.77 rupees to 1252.92 rupees from 1259.69 rupees, according to data.