Kenya Protests Force Halt to Tea Operations | China Anticipates Massive COVID Wave

HEAR THE HEADLINES – Violent Protest Halt Ekaterra Tea Operations | Workers set fire to tea harvesting equipment | China Anticipating Massive COVID Wave | India’s Wagh Bakri Tea to Expand to 200 Tea Lounges by 2026 | NEWSMAKER – Asia Siyaka Managing Director and CEO Anil Cooke | FEATURE INTRO – The world’s 14 public tea auctions account for 77% of global trade. Each year about 1.5 million metric tons of tea cross the trading desks of sell-side brokers. Asia Siyaka Managing Director and CEO Anil Cooke spoke to Tea Biz on a recent visit to his Colombo, Sri Lanka office. Cooke heads one of eight accredited brokerages responsible for assessing the quality and transacting the sale of millions of kilos of Ceylon teas generating more than 1 billion dollars annually. Inside Sri Lanka's e-Auction – In 1883 the Colombo Tea Auction sold its first five lots. Brokers now sell more than 5,000 metric tons weekly, about 300,000 metric tons yearly. The total represents 90% of Sri Lanka’s tea production. Auctions were conducted in person for 150 years until COVID-19 forced the Colombo Tea Traders Association (CTTA) to select, install and test a digital auction platform in May 2020. The first e-auction went live in only seven days with the help of CICRA Solutions, the local Microsoft affiliate. Several upgrades have followed. Looking over his shoulder, Cooke explains the digital bidding process that is now routine: Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy