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Saturday, 17 March 2012 - 19:55
Tea export orders and prices could fall - Sri Lanka's tea trade
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Sri Lanka's tea trade has warned that tea export orders and prices could fall in the months ahead as crops rise and consumption falls off in key markets.

The Colombo Tea Traders’ Association said money raised from an export tax for tea promotion should be spent on promoting the product in new markets like India and China as demand from traditional markets in the West and Middle East wanes.

The lack of optimism in the future and the dearth of export orders have resulted in a progressively increasing volume of teas offered at the weekly tea auctions remaining unsold.

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