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The volatility in the currency continued to adversely impact the tea market with a degree of uncertainty as was evident in the previous week, according to the report issued by Forbes and Walker Tea Brokers.
In general, the Large Leaf teas continued to sell reasonably well, whilst the High & Mid Grown Small Leaf teas met with selective interest and irregular prices at the auction held on Monday 31 July and Wednesday 2 August 2023 on account of an intervening Poya holiday, the report said.
Auction offerings recorded a marginal increase and totalled 6.1 M/Kgs vis-à-vis 5.8 M/Kgs the previous week. The volatility in the currency continues to adversely impact the tea market with a degree of uncertainty as was evident this week. In general, the Large Leaf teas continued to sell reasonably well, whilst the High & Mid Grown Small Leaf teas met with selective interest and irregular prices, Forbes and Walker Tea Brokers said.
Source: https://island.lk/currency-volatility-adversely-impacts-sri-lanka-tea-market/
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