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Tea prices soar, low growns sell at around Rs. 700 per kilo

Three Tea Brokering houses, Ceylon Tea Brokers, (CT) Forbes & Walker (FW) Tea Brokers and Asia Siyaka (AS) Commodities Plc, confirmed that prices realized up to end June 2017 have been the highest on record .

Last week, 7.1 million kilos came under the hammer. However end June, overall averages recorded were at Rs. 597 per kilo, indicating increases compared to 2016. 2016 end June results were Rs. 433, which indicated price achievements of over 100 percent.

It was also reported the ex estate catalog produced good results with Nuwara Eliya and other Western locations also in the record price category.

 

FW reported good demand from shippers to CIS countries, Turkey, Saudi Arabia, Kuwait, Turkey and Iraq. It was also reported there were notable tea factory owners who sold some of their produce to markets in the US and some European destinations.

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