John Keells sets new records at Colombo Tea Auctions

Saturday, 21 April 2012 02:05 - - {{hitsCtrl.values.hits}}

John Keells PLC, a leading tea broking company in the country, was successful in obtaining several all-time record prices at the Colombo Tea Auctions during the period March to April 2012.

Galpaditenne Tea Factory, the largest orthodox tea producer in the world, established an all-time record price of Rs. 530 for a PD grade along with Ceciliyan Tea Factory, the second largest single tea factory in the country. Both factories are well equipped and manufacture quality orthodox and CTC teas.

Nawalakanda Tea Factory, situated in Kahawatte and famous for Pekoe grades, established an all-time record price of Rs. 800 on 21 March. This was bought by UK Beverages and was subsequently bettered with a price of Rs. 810 on 28 March 2012 for a Pekoe grade bought by Empire Teas.

Avissawella tea factory, marketed under Sithaka, established an all time record price of Rs. 740 for the OP 1 grade on 3 April. This was bought by Jafferjee Brothers surpassing previous record of Rs. 700.

The famous CTC factory in Sri Lanka, Hingalgoda Tea Factory, which comes under the purview of TSHF PLC, established a record price of Rs. 575 for the PD grade on 3 April.

Kenilworth Tea Factory, situated in Ginigathena and managed by Watawala Plantations PLC, established two all-time record prices of Rs. 710 for the BOP grade on 14 March and Rs. 750 for the BOP SP grade on 22 March.

“All these achievements were made possible due to the commitment, hard work and dedication of the John Keells PLC management,” the company said in a statement.