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The last auction in April saw tea prices decline all around even as 8.1 m/kg went under the hammer. Lower quality and higher volumes were among the reasons, brokers said. Ex-estate offerings totalled about 1.6 m/kg and low growns, 3.6 m/kg in leafy/tippy catalogues. “A greater availability of this week's offerings comprised plainer quality which created further downward pressure on the process for teas in this category,” said Forbes and Walker Tea Brokers. Nuwara Eliyas too declined. CTCs sold better even though these too lost LKR 10-30 a kg compared with last week. In tippy catalogues, a select range of FBOP/FF1s were firm to irregularly dearer, but others declined by LKR 10-15 a kg. Better pekoes sold firm to dearer. There was good demand from CIS, Turkey, Dubai, Iran, Kuwait and Saudi Arabia.
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