Abbotsleigh Estate fetches all-time high price

Thursday, 9 March 2017 00:00 - - {{hitsCtrl.values.hits}}

At this week’s Ex-Estate Tea Auction, an invoice of PF1 of Abbotsleigh Estate, selling under the mark ‘Florence’, secured an all-time Colombo Tea Auction record price of Rs. 660.

This tea was purchased by Vintage Teas Ceylon Ltd. amidst stiff competition from two other buyers - Lipton and Uniworld Teas Ltd - and was sold through the catalogue of Lanka Commodity Brokers Ltd.

Abbotsleigh factory produces some of the best Ceylon CTC High Grown teas and following the “quality drive initiative” of estate manager Mahinda Ranawana, the prices for the main grades of this factory have topped the Colombo auctions in recent weeks. This estate is managed by Watawala Plantations Plc and is the current market leader in terms of product quality for high grown CTC teas.