Apr 08, 2020

Colombo Tea Auction held online

In a historic event, the Colombo Tea Auction has been held online from April 04 to April 07 as the nation remained under curfew to curb the spread of Covid-19.

Sri Lanka’s Colombo Tea Traders Association and Ceylon Chamber of Commerce which had conducted a physical auction for over a century.

“This is a historic event, as it is the first time in 126 years that the tea auction deviated from it conventional ‘out-cry’ system, requiring the physical presence of the buyers, to move into the electronic age with buyers recording their bids from remote locations,” the CTTA said.