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Friday, 02 October 2015 - 14:28
Govt to buy tea direct from auctions
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The government is planning to purchase tea through the Sri Lanka Tea Board from the auction to artificially stabilize the standard price to protect tea smallholders and other producers.

Plantation Industries Minister Navin Dissanayake said the major tea markets for Sri Lanka have been affected due to the Middle East crisis, Russia Rouble issue and the Iran economic sanctions.

He said at present the cost of production of a kilogram of tea is Rs430 and the world market price is Rs380 for a kilogram.

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