Home / Agriculture/ Two all-time record prices at tea auctions

Two all-time record prices at tea auctions

Comments / {{hitsCtrl.values.hits}} Views / Thursday, 21 September 2017 10:29


At this week’s tea auction held on 19 and 20 September, two all-time Colombo auction record prices were established for the following teas coming under the Low Grown elevation.

Avissawella Tea Factory: An invoice of BOP Sp grade from the Avissawella Tea Factory selling under the ‘Sithaka’ selling mark fetched an all-time Colombo tea auction record price of Rs. 880 per kg. The tea was purchased by Mabroc Teas Ltd, a fully-owned subsidiary of Hayleys Plc and a leading exporter of quality Ceylon Teas. This line of tea was sold through the catalogue of Lanka Commodity Brokers Ltd. 

This tea factory is situated in the Avissawella Free Trade Zone and is owned by Lalith Liyanage, Chairman of the diversified RTS Holdings Group of Ratnapura. 

The factory boasts modern, state-of the-art machinery with automation in the processing chain. Liyanage takes a very personal interest in product quality and ensures that his teas match the highest quality standards. Liyanage’s efforts and passion for excellence were rewarded when the OP1 of Sithaka was selected by a panel of eminent tea tasters for inclusion in a decorative miniature tea chest for sale at the Sesquicentennial Grand Charity Auction held on 20 July 2017 and realised a handsome price of Rs. 1 million.

Nawalakanda Tea Factory: An invoice of PEK 1 from Nawalakanda Factory selling under the ‘Nawalakanda Super’ selling mark realised an all-time Colombo tea auction record price of Rs. 920 per kg at this week’s auction. This factory is situated in Kalawana which is considered an area where the standard of green leaf from small holders is of a very high standard. This factory is one of the larger manufacturing units in the Sabaragamuwa Province and is fully developed with hi-tech machinery. This factory is owned and operated by Anura Peiris, a second generation proprietary planter. The tea was sold through the catalogue of Lanka Commodity Brokers Ltd. 


Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Bright star Imran Khan could well go the way of his predecessors

Saturday, 21 July 2018

Imran Khan, the Pakistani cricket star, anti-corruption crusader and politician, appears to be within reach of his cherished goal of winning the 25 July Pakistan National Assembly (NA) elections and becoming Prime Minister.

Top Cola brand crashing globally; lesson for Sri Lanka

Friday, 20 July 2018

We have heard the age old adage, if a brand is not in line to the trends of a customer, they will cease to exist over time.

Religion and politics: a tale of two hypocrisies

Friday, 20 July 2018

It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness; it was the epoch of belief,

Sri Lanka’s Trade Information Portal – Bringing local traders one step closer to the global market

Friday, 20 July 2018

Sri Lanka’s traditional lacework famously known as Beeralu is slowly moving into the spotlight of the global fashion industry

Columnists More