Dec 24, Colombo: Sri Lanka tea production for the month of November 2020 totaled 24.8 million kgs, showing an increase of 0.8 million kgs compared to 24.0 million kgs of November 2019, according to figures released by the Tea Exporters Association.
However, cumulatively production in the first eleven months of 2020 totaled 249.9 million kgs recording a deficit of 28.3 million kgs against the volume of 278.2 million kgs of January-November 2019. On a cumulative basis, all elevations have shown a decrease, with Low Growns showing the highest deficit.
CTC tea cumulative production during January-November 2020 totaled 21.37 million kgs, recording a 0.23 million kgs deficit compared to 21.60 million kgs of January-November 2019. On a cumulative basis, High Growns have recorded a fairly significant gain YOY, whilst Mediums show a marginal decrease. Low Growns, however, have recorded a fairly substantial decrease.
Tea exports for the month of November 2020 totaled 20.2 million kgs, showing a decrease of 1.7 million kgs compared to 21.9 million kgs exported in November 2019.
The January-November 2020 cumulative exports totaled 241.6 million kgs showing a deficit of 27.3 million kgs compared to 268.9 million kgs of January-November 2019.
All main categories of exports show a decrease compared to the corresponding period of 2019, with Packeted tea showing a fairly substantial decrease.
Meanwhile, revenue too of Rs. 209.02 billion has recorded a decrease of Rs. 12.43 billion as against Rs. 221.45 billion of January-November 2019.
According to the Tea Exporters Association data, Turkey has retained the No. 1 position followed by Iraq and Russia with Iran occupying the 4th position. Other noteworthy importers are China, Azerbaijan and Chile. Meanwhile, destinations such as Libya, Japan, UAE and Syria have recorded a fairly significant decrease in imports during the period under review.