Sri Lanka tea exports up in Nov 2019

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Jan 02, 2020 (LBO) – Sri Lanka tea exports for November 2019 totalled 21.9 M/kgs, showing a marginal gain of 0.6 M/kgs vis-à-vis 21.3 M/kgs of November 2018, a new report showed.

Packeted tea has shown a growth YOY, whilst bulk tea has remained static,
 Forbes and Walker Tea Brokers said in their monthly report.

“Meanwhile, tea bags have shown a decline compared to November 2018.”

Total revenue of Rs. 18.2 B for November 2019 has remained static compared to the corresponding month of 2018. Total FOB value, however, of Rs. 832.70 for November 2019 has shown a decrease of Rs. 22.92 vis-à-vis Rs. 855.62 of November 2018.

The full report follows ….

Sri Lanka Tea Production for the month of November 2019 totalled 23.9 M/kgs, showing a decrease of 0.9 M/kgs vis-à-vis 24.8 M/kgs of January-November 2018. High Growns have shown a fairly significant growth YOY followed by Mediums, whilst Low Growns show a decline as against November 2018. January-November cumulative production for 2019 of 278.1 M/kgs shows a marginal gain of 0.5 M/kgs vis-à-vis 277.6 M/kgs of January-November 2018. On a cumulative basis, Medium Growns have shown a growth, whilst Low Growns have remained static. High Growns, however, show a decrease compared to January-November 2018.

CTC production for November 2019 totalled 2.2 M/kgs, showing a gain of 0.4 M/kgs vis-à-vis 1.8 M/kgs of November 2018. High Grown production has shown a substantial growth YOY with Mediums too showing a fairly significant gain, whilst Low Growns show a decrease compared to the corresponding month of 2018. January-November 2019 cumulative CTC production totalled 21.6 M/kgs, showing a marginal decrease of 0.3 M/kgs vis-à-vis 21.9 M/kgs of January-November 2018. On a cumulative basis, all elevations have shown a negative growth YOY.

SRI LANKA TEA EXPORTS – NOVEMBER 2019

Tea exports for November 2019 totalled 21.9 M/kgs, showing a marginal gain of 0.6 M/kgs vis-à-vis 21.3 M/kgs of November 2018. Packeted tea has shown a growth YOY, whilst bulk tea has remained static. Meanwhile, tea bags have shown a decline compared to November 2018. Total revenue of Rs. 18.2 B for November 2019 has remained static compared to the corresponding month of 2018. Total FOB value, however, of Rs. 832.70 for November 2019 has shown a decrease of Rs. 22.92 vis-à-vis Rs. 855.62 of November 2018.

January-November 2019 cumulative exports totalled 268.9 M/kgs, showing a gain of 11.9 M/kgs vis-à-vis 257.01 M/kgs of January-November 2018. All categories of exports(i.e. packeted tea, tea bags and bulk tea) have shown a growth YOY, with packeted tea in particular showing a fairly significant growth. Revenue too, for the period January-November 2019 of Rs. 221.4 B have recorded a gain of Rs. 10.8 B vis-à-vis Rs. 210.6 B of January-November 2018. Consequently, the FOB value of Rs. 823.51 for January-November 2019 gained Rs. 3.83 vis-à-vis Rs. 819.68 of January-November 2018.

Turkey has secured the No. 1 position as the largest importer of Sri Lankan Tea for the period under review, followed by Iraq and Russia. Other noteworthy importers are Iran, Libya, China, Azerbaijan, Syria and UAE. Meanwhile, destinations such as USA, Germany, India and Saudi Arabia have shown a significant growth in 2019 compared to the corresponding period of 2018