The auctions are conducted by the Ceylon Chamber of Commerce and the Colombo Tea Traders' Association under the Chamber Bye-Laws and Conditions of Sale of tea by Public Auction and by Private treaty.
The Chamber had also founded the Employers Federation of Ceylon, The Shippers Council, the Mercantile Services Provident Fund and the Sri Lanka Institute of Directors.
Started as an organization representing the plantation community on March 25, 1839, the chamber now represents all business sectors in the country.
"We extend our unstinted support to re-focus the Sri Lankan private sector towards export markets, modernize the Nation’s education system, create a society that thrives on merit & enterprise & raise all Sri Lankans to an acceptable, minimum standard of living," Ceylon Chamber of Commerce said in a statement.
"The challenges of the future will differ from those of the past. Yet the Cham