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Sri Lanka tea exports in July which stood at 25.2 million kilograms (Mnkg) dropped a sharp 6% compared to last year but is up on June quantity of 24.7 Mnkg. Exports for the period January to July which was 162.7 mnkg is however lower YoY to 2017 figure of 165.3 mnkg. US Dollar earnings for the seven month period have dipped to $ 854 million from $ 871 million last year.
Tea exports to key destinations Russia, CIS declined to 29 mnkg from 31 mnkg last year. Exports to Iran declined to 13.3 mnkg from 15.6 mnkg, Japan to 4 mnkg from 4.7. Although exports to Turkey were nominally higher at 20.2 mnkg, it is likely to dip in August following the currency crisis.
China continues its positive trend and exports were up 17% from 5.3 mnkg to 6.3 mnkg this year, whilst Iraq has grown to22.6 mnkg from 18.5 mnkg.
Source - www.news.lk/economy/item/21951-tea-exports-up-to-25-2-mnkg-in-july
ECONOMYNEXT – Sri Lanka’s Ceylon Tea exports grew 15.7 percent in August 2021 from 25.48 million kilograms in pandemic hit, 2020, though down from 2.75 percent from 2019, industry data shows.
August earnings were 116.5 million US dollars up from 102.9 million a year earlier, data from Ceylon Tea Brokers showed.
In the first eight month up to August, exports were up 7.7 percent to 187.5 million kilograms but were down 4.42 percent from 2019.
Earnings were 881 million US dollars up from 804 million US dollars in 2020.
The average price was 4.70 dollars a kilogram from 4.62 a year earlier.
Iraq was the top buyer of Ceylon Tea up to August taking 24.1 million kilograms, up from 21.6 million a year earlier. Turkey slipped to second place with 22.5 million kilos, down from 24.8 million last year.
Russia bought 18.5 million kilos, down from 19.3 million last year.
UAE bought 14.5 million kilograms, up from 4.7 million last year. Iran fell to 9.4 million kilograms from 11.5 million.
CIS countries bought 9.6 million kilos, up from 8.84 million last year.
China, which had been emerging as a major buyer took 9.4 million kilos up from 7.6 million last year.
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