Sri Lanka‘s tea exports fall for eigth consecutive month

uly 23, 2015 (LBO) – Sri Lanka’s Tea exports, which were severely affected by the lower demand from Russia and the Middle East, declined for the eight consecutive month in May 2015, recording a drop of 12.1 per cent in May 2015.

Official data shows Sri Lanka exported 123.
6 million US dollar worth tea in May 2015 compared to the 140.
6 million US dollar tea exports in the same month last year.

Tea exports to Russia and the Middle East declined by 19.
2 per cent and 9.7 per cent, respectively, during May 2015 compared to the corresponding month of 2014.
In a recent statement The Planters’ Association of Ceylon said, key export markets to which more than 70 percent of Ceylon Tea is exported – Russia, Middle East and Ukraine – is in crisis due to military conflict, economic sanctions and depreciation of the Russian Rouble etc.
For the first five months from January to May 2015, tea exports declined 13.
0 percent to 561.0 million US dollars compared to 644.
4 million US dollars in the same period of 2014.