Sri Lankan teas fetch world’s highest average price

Sri Lankan teas continue to fetch the highest average price at auctions among teas from all countries, reveals an analysis of the latest data available with the different auction centres around the globe.

In the first four months of current calendar, the Island’s teas fetched an average price of $3.02 a kg at Colombo auctions — 14.20 per cent less compared to $3.52 got in the same period of last year.

Kenya’s teas fetched the second highest price of $2.69 at Mombassa auctions — 3.58 per cent less compared to $2.79 got last year.

Bangladesh’s teas came third at $1.89 at Chittagang auctions — 17.11 per cent less compared to $2.28 last year.

Indonesian tea price averaged $1.84 at Jakarta auctions – 9.04 per cent less compared to $2.02 last year.

Closely following this, Indian teas at country’s different auction centres fetched an average price of $1.83-10.29 per cent less than $2.04 got last year. North Indian auctions lost 12 per cent to average $1.98 (last year: $2.25) while South Indian auctions, 7.19 per cent to average $1.55 ($1.67).

Malawi’s tea fetched the lowest price average of $1.68 at Limbe auctions, but it was the only centre to post an increase over last year — 3.52 per cent more compared to $1.63.

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