Lankapage Logo CP 21 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka conducts first online tea auctions amid COVID-19 pandemic
Sun, Apr 5, 2020, 10:24 am SL Time, ColomboPage News Desk, Sri Lanka.

Apr 05, Colombo: The first ever sale of Ceylon Tea on a digital platform took place on Saturday morning (April 04) as the legendary Colombo Tea Auction was conducted online for the first time amidst the COVID-19 coronavirus epidemic.

The Colombo Tea Auction, one of largest and oldest ongoing tea auctions in the world, was suspended for two weeks due to a curfew imposed by the government to contain a COVID-19 pandemic in the country.

The Colombo Tea Traders’ Association (CTTA) successfully held the online auctions on Saturday, dealing with 720,000 kilograms of Ex-Estate tea in 680 lots. Imperial Teas, a leading local tea exporter, made the first successful bid at LKR 2100 (11 U.S. dollars) a kilogram, Xinhua reported.

The sale of High & Medium catalogues will continue on Sunday 5, April. On Monday 6, April 2020 commencing at 10.00 a.m. the low grown leafy catalogue will commence on Chanel 1. On Channel 2, the sale of small leaf/premium catalogues will be sold. Thereafter, BOP1A, off grades and Dust will be sold.

Sri Lanka Tea Board and CTTA are now looking at the merits of using modern technology to automate the Colombo Tea Auction and thereby increase efficiency while hopefully bringing down operating costs.

 

ColomboPage - Recent 10 Stories ::
Four people who went to bathe in Ellewala falls are missing
-- [7 hours ago]
Long-term reforms should be carried out with good governance and transparency - U.S. Ambassador
-- [7 hours ago]
IMF has no influence on Sri Lanka’s election process
-- [8 hours ago]
Cabinet empowers the Finance Secretary to sign the IMF Agreement
-- [8 hours ago]
Suren Cooke Agencies makes strides towards a cleaner Sri Lanka with an Ocean Clean-Up initiative
-- [8 hours ago]
Brandix ‘RightToRead’ initiative gains momentum enriching Sri Lanka students and transforming learning
-- [9 hours ago]
IMF commends Sri Lanka’s reform program built on strong policy measures
-- [9 hours ago]
British Council launches revamped UK agent and counsellor engagement platform
Sri Lankan President welcomes IMF Executive Board’s approval of $ 3 billion fund facility
IMF Executive Board approves US$3 billion under the Extended Fund Facility (EFF) arrangement for Sri Lanka

Copyright © 2000, 2020 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.