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Monday, 08 June 2015 - 7:46
Demand for Sri Lankan tea could remain depressed: Brokers
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According to a leading broking house, the demand for Sri Lankan tea, will remain depress in the future pertaining issues in the important tea export destinations.

However, it was also stated that the growing demand for Sri Lankan tea from Egypt and the expected shortfall in tea production in countries such as India and Kenya, is likely to help mitigate the negative impact on global tea prices.

Sri Lanka’s tea prices fell in May at the Colombo auctions with the auction average for May 2015 falling 17 percent to 396.55 rupees a kilo from a year ago.
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