Sri Lanka’s tea production was an overall 301 Million kilos in 2019, a 2 million kilo dip from 2018, Chairman of the Sri Lanka Tea Board Jayampathy Molligoda confirmed to ‘Daily News’ yesterday.
“This is a marginal 2 million kilo dip from the previous year from the 303 Million kilos from 2018”, he said.
He also said that the Tea Board was right now in the process of reconciliation, validation and verifications which will go into the breakdowns of the geographical areas and the results should be released very soon.
Meanwhile, Asia Siyaka Commodity Brokers PLC Managing Director / CEO Anil Cooke said that Sri Lanka’s Rupee Auction prices declined sharply in 2019, despite depreciation of the currency. Compared with 2017 when the national total average ranged from a low $3.85per kg (Rs. 591.54)to a high $4.27 (Rs. 648.52).
By 2019 the range was $2.80 (Rs. 494.48) to $3.33 (Rs. 585.92). In fact during the period June to November the average was well under $ 3 per kg and ranged from $2.80 to $2.90 per kg. The effective loss of value from 2017 to 2019 was in the region of 25 – 30%.
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