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ECONOMYNEXT – Sri Lanka’s tea exports fell 4.1 percent from a year ago to 18.2 million kilograms in October 2023, but rupee revenues went up to 354 billion rupees from 333 billion, industry data showed.
Up to October exports were down 5.6 percent to 199 million kilograms, a report by Ceylon Tea Brokers quoting Sri Lanka Tea Board data showed.
The US dollar value of exports were 1,083 million US dollars, marginally up from 1,061 million dollars.
Sri Lanka’s export tea prices which went up to 6.13 dollars on average in March was down to 5.25 dollars by October.
Iraq bought 28.09 million kilograms, down from 38.4 million a year ago. Turkey recovered to 25.5 million kilograms from last year’s 11.7 million kilos.
Russia was marginally down to 19.0 million from 20.6 million last year and UAE was 14.7 million down from 18.3 million last year.
Other CIS countries were down 2.23 percent to 9.9 million kilos. (Colombo/Nov24/2023)
Source: https://economynext.com/sri-lanka-tea-exports-down-4-1-pct-in-october-141310/
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