by Steve A. MorrellBrokers reported last week that the drop in tea prices was bad news for the industry, which was doing reasonably well in recent months. Forbes and Walker said in their weekly tea market report that after ten months of buoyant prices, last week’s auction prices declined by Rs. The Forbes and Walker report further said teas from Western slopes were badly affected prices slumping by as much as Rs. Asia Siyaka (AS) weekly Tea report also confirmed that Colombo was influenced by the vicissitudes of the dollar. Prices were maintained at an escalated level of Rs, 30 to Rs, 40 per kilo, according to the report.

Source: The Nation April 04, 2021 00:45 UTC