Sri Lanka tea export volumes down in April, revenue up

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May 25, 2017 (LBO) – Sri Lankan’s tea exports fell to 20.1 million kilos in April 2017, a nine percent dip from a year ago, but revenue was up, Forbes and Walker Tea Brokers said.

“Tea Exports for the month of April 2017 totaled 20.1M/kgs vis-à-vis 22.1M/kgs of April 2016 thus showing a decrease of 2.0M/kgs,” the company said in a report.

“All main categories i.e Tea bags, Packeted and Bulk teas have shown a decrease compared to the corresponding month of 2016.”

However the report says when analyzing the total revenue realized of 16.5 billion rupees for April 2017 vis-à-vis 13.4 billion rupees of April 2016, shows a significant growth of 3.1 billion rupees.

The total FOB value recorded for April 2017 of 822.83 rupees too shows a significant gain of 218.06 rupees vis-à-vis 604.77 rupees of April 2016 .

The full statement follows

SRI LANKA TEA PRODUCTION – APRIL 2017 – APRIL PRODUCTION UP 5.4M/KGS YOY

Tea production for the month of April 2017 totalled 32.7M/kgs vis-à-vis 27.3M/kgs of April 2016 showing a fairly significant gain of 5.4M/kgs .All elevations have shown a growth vis-à-vis April 2016 with Low Growns showing the biggest increase.

January-April cumulative production totalled 99.4M/kgs showing a gain of 1.7M/kgs vis-à-vis 97.7M/kgs January –April 2016. On a Cumulative basis Medium and Low Gowns have shown a growth whilst High Growns show a marginal decrease when compared to the corresponding period of 2016.

When analyzing the April CTC production of 2.2M/kgs records a fairly significant gain of 0.4M/kgs vis-à-vis 1.8M/kgs of April 2016.Medium Growns have remained static whilst High and Low Growns have shown a growth YOY. It is also noteworthy that Low Grown CTC production of 1.3M/kgs is the highest ever recorded for a calendar month.

On a cumulative basis too January-April CTC production totalled 6.7M/kgs showing a gain of 0.5M/kgs vis-à-vis 6.2M/kgs of January-April 2016. High and Low Grown CTC production show a growth whilst Mediums have shown a marginal decrease when compared to the corresponding period of 2016.(See more details in page No.12)

SRI LANKA TEA EXPORTS – APRIL 2017

APRIL EXPORT VOLUME DOWN – 2.2M/kgs – VALUE UP – RS.3.1B

Tea Exports for the month of April 2017 totalled 20.1M/kgs vis-à-vis 22.1M/kgs of April 2016 thus showing a decrease of 2.0M/kgs. All main categories i.e Tea bags, Packeted and Bulk teas have shown a decrease compared to the corresponding month of 2016. However when analyzing the total revenue realized of Rs. 16.5B for April 2017 vis-à-vis Rs. 13.4B of April 2016, shows a significant growth of Rs.3.1B. It is also relevant to note that the total FOB value recorded for April 2017 of Rs. 822.83 too shows a significant gain of Rs. 218.06 vis-à-vis Rs.604.77 of April 2016 .

On a cumulative basis too, January – April 2017 total exports of 88.5M/kgs shows a decrease of 8.1M/kgs vis-à-vis 96.6M/kgs of January – April 2016. Here again, tea bags, packeted and bulk teas have shown a decrease compared to January – April 2016. However, total value realized for the period January – April of Rs. 69.2B shows a gain of Rs. 10.8B vis-à-vis Rs. 58.4B of January – April 2016. Consequently January – April 2017 FOB value too of Rs. 781.91 have recorded a gain of Rs. 176.67 vis-à-vis Rs. 605.24 of January – April 2016. (See more details in page No.08)

During the period under review, Russia has emerged as the number one importer followed by Iraq, Turkey and Iran. Meanwhile U.A.E. which occupied the fifth position has shows a fairly significant drop in imports vis-à-vis January – April 2016. Similarly, Syria too has recorded a decrease in imports in 2017. (See more details in page No.09)