Colombo Tea Auction price drops


Colombo Tea Auction prices recorded a lower level in two year this February, brokers say.

The main reason behind this is the drop in tea production in the Low Country.

Due to the recession by major markets including Middle East and Russia the price for tea in the Up Country areas also decreased.

The average price of a kilogram of tea in February was at Rs. 403.87. It has fallen by Rs. 14.42 from last February.