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Sri Lanka tea exporters say they do not want low quality imports

May 15, 2012 (LBO) - Sri Lanka's major tea exporters, who have made a proposal to liberalize tea imports to make the island a global centre for tea, say they do not want to import low quality teas for re-export.
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Sri Lanka's Tea Exporters Association has made a proposal to liberalize tea imports for re-exports a move that is opposed by Dilmah, a successful brand owned by Sri Lanka's MJF group, which says that Sri Lanka should preserve its single origin status.
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Mabroc, another brand, which is now owned by a tea farming company, and is a member of the TEA has dropped its support to further liberalize imports.

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Tea farming companies fear that the move will result in lower prices at Colombo auctions, though exporters point out that single origin or otherwise, no buyer pays a more than the next highest bidder to a producer at the auction.

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Global commodity prices are now slumping from high seen last year. Oil, rubber, tea and palm oil have come off recent highs.

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Tokyo rubber prices fell to a 4-month low this week, and oil palm plunged to a 14-month low last week as the US dollar gained. Gold has dropped to a six week low aga

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