Sri Lanka teas continued to fetch the world’s highest price average, reveals an the latest data available with the different auction centres around the globe.

In the first seven months, the Island’s teas fetched an average price of $3.01 a kg at Colombo auctions – 9.34 per cent lower compared with $3.32 got in the same period of 2011.

Kenya’s teas fetched the second highest $2.77 at Mombasa auctions – marginally higher than $2.75 got last year.

Bangladesh’s teas came third at $2.19 at Chittagong auctions – 3.10 per cent lower compared with $2.26 last year.

Closely following this, Indian teas at country’s different auction centres fetched an average price of $2.12 — 6.19 per cent less than $2.26 last year.

North Indian auctions lost 8.40 per cent to average $2.40 ($2.62), while South Indian auctions gained 1.28 per cent to average $1.58 ($1.56).

Indonesian tea price averaged $1.87 at Jakarta auctions – 5.37 per cent lower compared with $1.97 last year.

Malawi’s tea fetched the lowest price average of $1.66 at Limbe auctions, but it was 5.47 per cent more compared to $1.58 last year.

(This article was published on October 25, 2012)
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