Ceylon(Sri lanka) tea market-2019
SRI LANKA TEA PRODUCTION – JANUARY TO AUGUST 2019
Sri Lanka tea production of 210.8 million kgs registered for January-August 2019 period shows a growth of 7.2 million kgs against the volume of 203.6 million kgs of January-August 2018. The low grown elevation shows the highest increase followed by medium and high grown elevations.The tea crop figures of some leading tea producing countries for the period of January to July / August 2019 are furnished below (in million Kg). (FW Tea Report) World Tea Crop January-August 2019 cumulative CTC Production of 15.4 million kgs, however, shows a marginal decrease of 0.13 million kgs vis-à-vis 15.6 million kgs of January-August 2018. On a cumulative basis, only medium grown sector has shown a growth. The summary of category wise tea production for the January - August 2019 period with comparative figures of last year is appended below. (In MT)
SRI LANKA TEA EXPORTS – JANUARY TO AUGUST 2019
The cumulative exports for the length January-August 2019 of 196.2 million kgs information a benefit of 9.6 million kgs as compared to 186.6 million kgs of January-August 2018. All major classes (i.E. Tea baggage, Packets and Bulk tea) have proven a growth YOY. Meanwhile, general revenue for the duration January-August 2019 of Rs.162.5 billion too records a benefit of Rs. 10 billion in opposition to Rs. 152.5 billion registered throughout the equal length remaining year. Consequently, the FOB fee of Rs. 828.38 according to kg has recorded a advantage of Rs. Eleven.34 in line with kgvis-à-vis Rs. 817.04 according to kg of January-August 2018.
When analyzing the important importers of Ceylon Tea for the duration January-August 2019, Iraq has maintained her position as the No.1 client accompanied via Turkey and Russia. Iran is placed 4th, while Libya,China, Azerbaijan, Syria and UAE are the alternative noteworthy importers. It is likewise relevant to notice that locations which include Germany, USA and India too have imported a notably higher volumes as comparedto the corresponding length of 2018.
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