Sithaka Tea sets record at weekly auction with Rs. 4,800 per kg

Friday, 10 November 2023 00:10 - - {{hitsCtrl.values.hits}}

In a remarkable event at this week’s tea auction on 7 and 8 November 2023, Avissawella Tea Factory, trading its produce under the prestigious ‘Sithaka’ mark, set an unprecedented record. An invoice of OP1 grade tea fetched a stellar Rs. 4,800 per kilogram, the highest price ever achieved for this grade.

Located in the Ratnapura District within the Sabaragamuwa Province, the Avissawella Tea Factory is an embodiment of modernity in the tea industry. Under the vigilant chairmanship of Lalith Liyanage of RTS Holdings Group, the facility has integrated advanced machinery and automation throughout its processing chain. This technological adoption underscores the factory’s dedication to producing superior quality orthodox black tea.

The exceptional quality of Sithaka’s tea has consistently led the market, dominating the weekly auctions with its top-tier prices and garnering both national and international accolades for its premium produce.

Vintage Teas Ltd. made the winning bid for this record-setting batch, with Asia Siyaka Commodities PLC facilitating a successful marketing strategy. The achievement speaks volumes about the global competitiveness and enduring legacy of Ceylon tea, underscoring the prosperity and innovation within the industry.

This recent triumph at the auction block not only celebrates the high standards of Sri Lankan tea production but also marks a significant milestone for Sithaka, projecting a bright future for the tea industry in the international markets.