ECONOMYNEXT – Sri Lanka’s tea production was up 6.7 percent to 19.99 million kilograms in February 2024, with high, mid and low growns rising industry data shows.
High grown tea in February 2024 was 4.52 million kilograms, up from 4.28 million, medium growns were 3.64, up from 3.1 million kilograms, and low growns were 11.82 million, up from 11.36 million kilograms last year.
Exports, including re-exports were up 20.27 percent to 22.31 million kilograms, industry data published by Ceylon Tea Brokers show.
Export earnings were reported at 127 million US dollars, up from 104 million dollars last year. The average FOB price was 5.72 US dollars a kilo up from 5.64 dollars last year.
Tea in bulk was 11 million kilograms valued at 16.97 billion rupees, tea in packets was 8.2 million kilograms valued at 14.1 billion rupees and tea in bags was 2.2 million kilos, valued at 6.2 billion rupees.
The top buyer was Iraq with 5.3 million kilos, up from 4.6 million last year followed by the UAE with 4.9 kilos, up from 3.4 million last year.
Russia bought 4.5 million kilos up from 3.6 last year, Turkey bought 2.9 million kilos down from 4.7 million last year, while Iran bought 2.9 million up from 919 thousand last year. (Colombo/Mar22/2024)