Tea quality seen as seriously affecting prices-By Steve A. Morrel Tea brokers reports this week commenting on price trends said price decreases in the first 6 months of this year’s trading compared to YOY 2020, are clear indication that tea quality gravely affected auction prices. Although some 7 million kilos were traded this week, and the low grown catalog indicated some 3 million kilos auctioned, demand was not described as increasing which left some doubt as to future price stability. Sources said the lack of NPK (Nitrogen Phosphorous Potassium) mixture, in fertilizing tea lands already seriously affected productivity. It was also of relevance that leading buyers were leaving Colombo in preference to other auction centers for their requirements of the beverage, another trend that could seriously affect tea sales. Forbes and Walker in their market report said June average 2021 was Rs.586.51. Comparatively June 2020 was Rs. 612.67, indicating yoy ...

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