All-time high record price for New Vithanakande and Lumbini Teas

Thursday, 2 November 2023 01:46 - - {{hitsCtrl.values.hits}}

New Vithanakande Tea Factory

Lumbini Tea Factory

At this week’s Colombo Tea Auction held on 31 October/1 November 2023, New Vithanakande Tea Factory achieved a record price of Rs. 4,600 for its BOP1 grade, breaking the previous record of Rs. 4,500.

This factory produces a wide range of quality teas and continually sells at the highest levels at the Colombo auctions and has won many National and International awards.

The company is owned and managed by M.G Group of companies. The CEO of this factory is Patrick Vanderpoortan and COO is Pubudu Gunasekera.

This tea was purchased by Vintage Teas Ltd., and successfully marketed by Asia Siyaka Commodities.

Separately an invoice of Orange Pekoe No.1 (OP1) grade offered for sale from Lumbini Tea factory, Deniyaya achieved an all-time record price of Rs. 4,550 per Kilo.

Previous record for this grade of tea was Rs. 4,400. This tea was purchased by Vintage Teas Ltd., and marketed by Asia Siyaka Commodities.

Lumbini Tea Factory manufactures some of the finest Orthodox Black teas which receive national and international recognition. Lumbini Tea Factory holds multiple records for prices achieved at the Colombo Tea Auction.

Lumbini is owned by the Jayawardena family and managed by Managing Director Chaminda Jayawardena.