March, 25, 2014
The demand in the world market for high and low grown Sri Lankan tea has currently decreased and it may reportedly cause tea prices to fall.
Though tea prices are thus decreasing, Sri Lanka’s tea still fetches better prices, said Asia Siyaka tea brokers chairman Anil Cooke while speaking to AdaderanaBiz.
“Recently, Iran bought a sizeable amount of tea during its festive season. By now this qualtity has declined. Another reason is the fall in demand for tea locally as well,” he explained.
The prevailing drought is also another cause for the fall in high and low grown tea production in Sri Lanka.