Sri Lanka High and Medium Grown tea prices fall in Jan third-week auction

Sri Lanka’s High and Medium Grown Teas fell around 100 rupees a kilogram at the auction on January 18th while some mid and low grown varieties moved up, brokers said.

This week 5.1 million kilograms were offered at the auction made up of 2.2 million kilograms of Low Growns.

“There was fair general demand with an element of selectivity, which led to a firm to a slightly easier trend in general. Perhaps an element of speculation on account of the increased volumes on offer next week following a two weeks collection due to the absence of an auction in the last week in December 2022,” Forbest and Walker, an auction house said.

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