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* Sri Lanka January tea exports up by 13% while production declines
Fri, Feb 22, 2019, 10:11 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 22, Colombo: Sri Lanka's tea exports in January 2019 had risen by almost 13 percent or by 2.67 million kilograms to 23.6 million kilograms compared to 20.9 million kilograms in January 2018, recent data showed.

Tea bags and packeted tea have shown a growth during the period under review, while bulk tea exports decreased.

Total revenue recorded Rs. 20.1 billion, showing an increase of Rs. 2.9 billion compared to the Rs. 17.1 billion achieved in January 2018.

The FOB (free on board) value of exports were up 4% by Rs. 33.41 per kg with average value reaching Rs. 852.14 per kg in January 2019 from the year before.

Among the major importers of Sri Lankan tea in January 2019, Iraq emerged as the largest importer followed by Russia and Turkey whilst Iran, Libya and Syria are some of the other noteworthy importers for the period under review.

The tea production meanwhile, for the month of January 2019 reached 23.2 million kilograms against 24.2 million kilograms of January 2018 indicating a decrease of 1.06 million kilograms or 4.3 percent.

The decline in tea production reflected in all categories when compared with the same month of previous year.

The orthodox tea production has come down by 0.967 million kilograms, CTC production showing a decrease of 0.15 million kilograms while green tea production declining by 0.058 million kilograms.

 

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