First-ever online tea auction sees high demand for all teas
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Sri Lanka, April 8 -- The first online sessions being conducted by tea brokers
By Nishel Fernando
The Colombo Tea Auction saw high demand for teas in its first-ever online auction kicked off last Saturday with prices soaring across all types of teas amid an uptick in global tea consumption.
The Colombo Tea Auction, the world's oldest operational and largest single-origin tea auction, is currently holding its tea auction online for the first time amid the coronavirus pandemic.
The online tea auction is scheduled to continue until mid-day today offering around 4.5 million kilos of tea.
According to a leading tea brokerage, Asia Siyaka Commodities PLC, the tea prices have rebounded significantly so far.
The high grown tea prices have s...
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