All-time record price at Colombo Tea Auction

Thursday, 17 January 2013 00:57 - - {{hitsCtrl.values.hits}}

An invoice of Carolina PF1 achieved an all-time record price of Rs. 510 per kg at this week’s Ex Estate sale, which betters the previous record price of Rs. 500.

The premium tea from Carolina, managed by Watawala Plantations Plc, was purchased by Regency Teas Ltd., a leading buyer of liquoring teas. The broker handling the sale, Lanka Commodity Brokers Ltd., said Carolina has been producing some of the finest CTC teas from the medium elevation and has been performing at the top end of the market for the past several weeks. “The (Carolina) teas have now gained recognition from discerning buyers in Russia as well as Pakistan and all this has been possible due to the best manufacturing practices carried out at this ultra modern tea factory,” Lanka Commodity Brokers added.